Why did the price of Pi drop? Understand the real reason!
The announcement of the $100 million Pi Network Ventures fund raised hopes, but the chart tells a different story.
As you can see, the price increased before the announcement due to market hype.
But once the news was published, the classic news pattern of buying the rumor began.
All the whales that bought Pi at $0.50 or less seized the opportunity to make a 3x profit and sold after the announcement.
As a result, the price dropped from $1.40 to $0.88.
The double top pattern (the upper orange circle) shows that the market has peaked and selling pressure has begun.
The lower circle indicates a potential reversal area, signaling that the whales may now return and buy again.
The message is clear.
This drop was not driven by fear, but was part of normal trading psychology. Booking profits after big news is common.
Note:
When Pi Ventures projects begin to launch, exchange rates will rise significantly.
But pioneers should not focus on exchange rates, which are not our true value.