Pi Network Drops 44% in Four Days – Is PI Price Disappearing?

Pi Network (PI) is facing increasing pressure as technical indicators and community sentiment become more negative. Although it increased by 23% in the past week, PI dropped 44% in just four days, falling below $1 after facing opposition to the launch of a $100 million fund. Indicators like Ichimoku Cloud and BBTrend show momentum is gradually decreasing, with no signs of reversal. PI may continue to be vulnerable if important resistance levels are recaptured and buying pressure returns. PI Struggles Below Cloud as Price Decline Continues The Ichimoku Cloud chart for Pi Network (PI) shows weak signs after a significant drop. Price action is below the Kijun-sen (red line) and close to the Tenkan-sen (green line), indicating that short-term momentum remains negative. Recent candles also interact with the lower boundary of the Kumo Cloud (blue/red shaded area), showing hesitation in regaining momentum. The Chikou Span (green line) is currently below the price candles, further reinforcing the negative outlook. Although currently accumulating near the cloud's edge, there are no strong signals of reversal. The leading span lines forming the future Kumo are flat and slightly downward, suggesting limited price support in the short term. To change sentiment, PI must decisively break both the Kijun-sen and the cloud, confirming the potential trend reversal. Until then, the chart recommends caution, with bears still dominating. Pi Network's Trend Strength Declines as BBTrend Drops to 10.63 Pi Network's BBTrend indicator has sharply dropped to 10.63, after reaching near 48 just two days ago and falling to 32 yesterday. This significant decline reflects a considerable weakening in trend strength over a short period, indicating that recent price momentum is quickly fading. The rapid loss of trend intensity could indicate a transition to an accumulation phase or even a potential reversal if no new buying pressure emerges. Dramatic Community Reaction as Pi Network Drops Below $1 After Fund Launch After announcing the Pi Network Ventures $100 million fund, Pi Network is facing increasing pressure from both the community and the market. Despite launching an initiative to promote ecosystem growth and practical adoption, critics argue that the project has not fulfilled important promises—such as launching 100 decentralized applications (DApps), timely KYC process, and referral rewards. Many Pioneers view this fund as a distraction from unresolved issues, especially when applications are collected through a simple Google form. Market sentiment reflects this disappointment, with PI price dropping below $1 and declining 44% over four days. Technically, PI's indicators support a negative outlook. Momentum signals like DMI and CMF show declining strength and increased distribution, while EMA lines are tightening and suggest a potential Death Cross. Although PI increased 23% in seven days, recent price action shows a loss of confidence and potential for further decline. If the token cannot maintain the critical $0.80 support level, it may drop to $0.57—but if momentum returns, a breakout above $0.94 could pave the way to $1.30 or even $1.67.