Pi Network breaches key support as rebound catalysts emerge

The native token of PI Network, PI, has dropped sharply in recent days, falling at around $ 0.86 on May 16, because many anticipate a price rebound in the midst of growing catalysts.

Pi network (Pi) has now dropped by more than 40% compared to its weekly peck of $ 1.57 and is more than 71% below its $ 2.99 summit, which was reached at the end of February. The last drop came despite what seemed to be a major development.

On May 14, the Pi Foundation announcement A venture capital fund of $ 100 million aimed at supporting startups in areas like AI, Games, Fintech and Electronic Commerce. The initiative hopes to stimulate the use of the real world of the Pi ecosystem, but the market reaction was negative.

Many traders had anticipated a major exchange list, which would have brought liquidity and a discovery of significant prices. The news probably sparked a “new sale” response from the market because there was no registration in sight.

Looking at the technical image, PI has always violated the level of support of $ 0.89, which acted as a crucial floor in the recent drop. At around 54, the relative resistance index indicates neutral impulse.

While short-term mobile averages remain small, longer-term trends that extend over 20 to 50 days show a certain underlying force. The overall trend remains clear despite certain indicators showing the first signs of recovery and a slightly optimistic mobile convergence divergence.

Several upcoming events can change the story. The founder of the project, Dr. Nicolas Kokkalis, is expected to speak at consensus 2025, a major blockchain event. The rumor wants the team to be able to use the event to present a network decentralization plan. Another major update is the deactivation of the central node of the PI network, which indicates an evolution towards a more open system.

Meanwhile, there is still speculations concerning any exchange lists. Solid community support and portfolio activity Linés à Binance has raised expectations that Pi will soon be listed on a major platform. Even if no official list has been announced, a decision like this could increase liquidity.

A concern that continues to weigh on the price is the offer of tokens. Over the next 12 months, around 1.47 billion Pi tokens are ready to be unblocked. This could drop down the market in the market if there is not much corresponding request. Many users call a token burn, which could help facilitate the sale of pressure if it is implemented.

If Pi Network provides key updates to 2025 consensus and confirms a path to decentralization or lists, the price could be recovered above $ 1. Failure to comply with expectations can postpone it around $ 0.75.