Despite the recent arrival of several important developments, including the alignment upgrade with Stellar Protocol 23 and the launch of a $100 million ecological fund, the price of Pi Network (Pi coin) remains stagnant. As of September 8, the trading price of Pi coin is $0.3443. The latest unfavourable information is the weak demand for the Valour Pi Fund, which aims to provide investors with exposure to Pi coin, with total assets of only $1,967. Technical analysis shows that the price of Pi coin has fallen below key moving averages and formed a bearish flag pattern, which may face further fall risks.
Pi Network Unfavourable Information未能提振币价
Recently, the price trend of Pi Network has not responded to several important fundamental catalysts, continuing to fluctuate within a narrow range. The project launched a $100 million ecosystem fund in May, aimed at enhancing its utility by investing in applications within the Pi ecosystem, however, this move has not succeeded in stopping the price fall.
The price of Pi coin has reacted lukewarmly to the recently launched Pi AI Studio, which aims to enable developers to build AI applications and agents. In addition, the recent upgrade by the core team of Pi Network to align with Stellar Protocol 23 has also failed to elicit a positive response from the market, with the coin price instead experiencing a fall.
Another notable signal is the sluggish demand for the Valour Pi Fund, which aims to provide investment channels for retail and institutional investors in the Pi Network. The fund was launched two weeks ago, but its website shows that it has only accumulated 18,483 Swedish Krona (approximately 1,967 USD) in assets, and the value has fallen by 7.57%. Considering that Valour manages over 900 million USD in assets, this figure seems insignificant and also reflects limited institutional interest in Pi coin.
Technical Analysis: Pi coin faces bearish breakout risk
(Source: TradingView)
From a technical perspective, the price of Pi Network may face the risk of a bearish breakout. On the 8-hour chart, its price has fallen below the 50-week Exponential Moving Average (EMA), which is a signal that a bearish trend is still present. The coin is also forming a bearish flag pattern, which typically consists of a vertical line and a horizontal consolidation, indicating that the price may continue to fall.
In addition, the price of Pi coin is still below the Ichimoku cloud indicator, and the Relative Strength Index (RSI) has also fallen below the neutral line of 50. Therefore, there is a higher possibility of a bearish breakout for Pi coin in the short term. If the price falls below $0.3327 (where a double bottom pattern has formed), this bearish outlook will be confirmed and may further decline.
Market Outlook: Supply Pressure and Exchange Absence
Since the mainnet launch in February, the price fluctuations of Pi coin have been mainly influenced by the ongoing token unlocks and the lack of listings on major mainstream exchanges. Despite having a large user base, its sluggish trading volume and liquidity remain critical issues.
In the short term, if the price falls below the support level of 0.3327 USD, Pi coin may further decline. Only when there is a fundamental shift in market sentiment, accompanied by strong fundamental support, such as being listed on major exchanges or achieving breakthroughs in ecological applications, can Pi coin hope to break free from its current predicament. Until then, investors need to remain vigilant about potential downside risks.
Conclusion
The latest developments of Pi Network reflect a key challenge in the crypto market: even significant technological upgrades and ecosystem funding can struggle to be reflected in prices without actual liquidity inflows and strong institutional interest. The cooling of the Valour fund and the technical weakness of Pi coin together paint a bearish picture. For Pi Network, its large user community is a unique asset, but to truly realize its promised value, it must address core issues such as token economics, liquidity, and listings on mainstream exchanges beyond technological advancements to gain broader market confidence.
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