Ulu Ventures narrates the PI network among its wallet companies amid struggling price procedures star-news.press/wp
Ulu Ventures, one of three early investors in the PI network in 2023, added the PI network to its governor companies. Although the PI coin was struggling recently, this step was providing a big boost for the price. However, technical and upper indicators on the image indicate a bleak image of PI.
Ulu Ventures adds the PI network to its wallet companies
According to the hadith mail On X, the encryption analyst Dr. Altcoin noted that Ulu Ventures added the PI to the list of governor companies. The company joined a pi seed tour in 2023 alongside two other companies; 137 boxes and designers.
While adding the PI network to its wallet companies is an official recognition of the project, this step serves the institutional support that is needed. Pi Coin was in the spotlight for the wrong reasons recently, as the price fell to its lowest level ever. However, the addition to the ULU Ventures Portfolio confirms that institutional investors still believe in the project.
This step can provoke confidence between PI investors, known as Pioneers, which gives the price of Pi Coin a big boost, along with the last launch of the Pi Network Hackathon that aims to enhance the benefit of the network.
PI Coin faces downward pressure
Despite the recent institutional support by Ulu Ventures, the price of the Pi Coin continued to struggle. According to the data written by Coingecko, PI (PI) price It is currently at $ 0.3489. While this level represents a decrease from 1 % a day, PI decreased more than 10 % over 7 days and 22 % during the past month, confirming the price struggle.
The PI Coin also reached a low price ever at $ 0.33515 two weeks ago, as the current price sits by only 3.9 % higher than the low price ever. This adds to the downward pressure where the worst investors fear.
In this sense, the number of PI currencies on the stock exchanges is high. according to Data By PI Scan, this number now sits at 414,658,570 dollars. There is usually an increase in the TOKEN CEX balance that investors are appointed to liquidate their assets at any time.
Technical indicators indicate more PI price diving
As Coingape markets, with the declining pressure now prevailing through the PI market, technical indicators highlight the drop in additional prices. According to the daily scheme on Tradingvief, the RSI RSI Index, for example, is now located at 37.25. While RSI showed some signs of recovery towards the neutral line in 50, it is still located in a declining area.
On the other hand, the MACD is the MACD with RSI. Pi Coin creates a declining crossbar where the MACD line displays an early mark to cross below the signal line. The fully declining decline can indicate a PI. Although Ulu Ventures insert the PI network among its governor’s companies, this step may fail to increase the strong price of prices.
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2025-08-20 10:16:00
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