🚨 #Pi coin Drops 22% Despite Ulu Ventures’ Backing

#Pi Network just got a major nod from Ulu Ventures, one of its earliest backers alongside 137 Ventures and Designer Fund. Yet, the market isn’t celebrating.

🔻 Price Action:

Current Price: $0.3489

Down 1% in a day, 10% in a week, and 22% in a month

Just 3.9% above its all-time low of $0.33515

📊 Bearish Signals:

$414.6M worth of Pi sitting on exchanges, suggesting possible sell pressure.

RSI at 37.25 → firmly in bearish territory.

MACD bearish crossover forming → signals further downside risk.

⚡ The Bigger Picture:

While Ulu Ventures’ backing and the recent Pi Hackathon highlight long-term potential, technicals and exchange data suggest Pi coin may face more turbulence ahead.

💡 Do you think Ulu Ventures’ support can restore confidence in Pi, or will bearish pressure push it lower?

#PiNetwork #Crypto #Altcoins #PiCoin