PI price movement displays an Adam and Eve pattern, suggesting a bullish turnaround.
OpenMind, a $20 million AI robotics firm, receives Pi Network investment.
Pi's community worries about the network's need for volunteers to reduce project disinformation.
Pi Network (PI) extends its 4.64% gain from Thursday to about 1% at press time on Friday, indicating a bullish recovery with an Adam and Eve setup on the 4-hour chart.
After Pi Network invested in OpenMind, PI optimism returned. However, Pi Network's recent circular requesting that Pioneers, community members, proactively correct escalating disinformation on public forums without reward has left the community on edge.
US AI robotics firm OpenMind raised $20 million from Pantera Capital. The investment would create a worldwide network to increase AI-powered android coordination and communication.
Following Pi2Day's $100 million promise on June 28, this is one of Pi Network's investments. Pi Network has not disclosed the investment amount.
Pi Network pioneers are alarmed by the latest circular soliciting volunteers to combat "misinformation" in the community. In Friday's X Post, pioneer Jatin Gupta remarked, “It's the project's job to do press conferences and invite media people to provide correct information.”
The absence of communication or marketing management also worried Gupta. Santiment reports that Pi Network's social dominance score (its proportion in total crypto talks) has increased to 0.23% from 0.18% on Wednesday, a weekly low.
The overall weighted sentiment of Pi Network was negative -0.441 on Thursday, down from -0.28 on Wednesday.
Pi Network rises to the 50-period Exponential Moving Average (EMA) at $0.3699 on the 4-hour chart at press time Friday. The same chart showed a short-term consolidation above $0.3334, which created a weekly Adam and Eve pattern in early July and caused a brief rally.
If PI reverses from the upper limit at $0.3700, it might fall to the weekly low of $0.3334.
