Pi Network Coin Cost Removes Gains Regardless Of $100M Utility Push

Pi Coin tried a modest rebound on June 20, climbing above $0.54 in early trading before removing almost all intraday gains towards the day’s end. The post Pi Network Coin Price Removes Gains Regardless Of $100M Utility Push appeared initially on Coinchapter.

Pi Coin attempted a modest rebound on June 20, climbing above $0.54 in early trading before eliminating almost all intraday gains towards the day’s end. The relocation stimulated short optimism among bulls, however upside momentum faded quickly as sellers regained control. The Pi Network coin cost remained flat, reflecting persistent weakness and a lack of continual buying interest. The broader cryptocurrency market followed a similar trajectory. Before pulling back, Bitcoin briefly moved above the $106,000 before dropping, while Ethereum stopped working to hold above $2,500. Regardless of periodic bounce attempts, the parallel decrease across majors underscored the continuous threat aversion and vulnerable market structure. Pi Coin fans continue to promote stories around long-term energy, yet the price action shows a different truth. Even the most singing supporters appear more focused on earnings reservation than enabling the token to get away the technical downtrend in which it is entrenched. Without sustained conviction, Pi Coin remains stuck in a self-inflicted cycle of stopped working rallies and deeper lows. $100 Million Utility Drive: Vibrant Vision or Postponed Validation? Pi Network’s 100-day mainnet update consisted of the statement of Pi Network Ventures, a $100 million fund– split between Pi tokens and USD– to support startups building within its ecosystem. While the number is ambitious, the concern remains: Can financing alone produce significant traction? The fund targets early-stage tasks in video gaming, commerce, and social applications. Its first pilot, FruityPi, incorporates Pi Wallet and ad tools to display the network’s” utility layer.” The metrics for success remain vague. No data has actually been shared relating to active usage, transaction volume, or developer retention across financed projects. Gaming, often utilized as a Trojan horse for community development, faces the exact same pitfalls. Without transparent performance signs or market feedback, whether or not these apps serve as real adoption vectors or speculative showcases is uncertain. The emphasis on” utility development” sounds constructive, but it mirrors strategies seen across other stalled Layer ones– early incentives without sustainable user interest. Ultimately, the fund’s success will depend less on capital implementation and more on measurable output. The questions stay: whether Pi-powered apps produce real demand, whether merchants adopt Pi payments beyond screening stages, and whether user growth equates into active financial involvement. Up until those questions are answered, the $100 million effort may be more of a marketing headline than a proof of idea. The group had just recently announced another initiative, the.pi domain auction, a few days back. Regretfully, that news likewise failed to raise the bearish fog surrounding the token’s rate action. Pi Coin Rebound Fizzles as Bears Retake Control Pi Network’s $100 million energy initiative set off a short-term recovery in PI coin price, but the momentum stopped working to hold. In spite of efforts by bulls to generate optimism around the investment announcement, profit-taking erased most gains. Even support from the job’s official team stopped working to sustain upward pressure, highlighting the weak conviction amongst holders. The daily chart shows PI/USD trading below all significant exponential moving averages, with the Relative Strength Index (RSI) hovering near oversold levels. The token attempted a rebound off the 0.382 Fib level, but the lack of volume validated the wider market’s disinterest. PI coin risks a retest of the instant assistance near $0.512 if the bearish structure holds. Breaching this level would likely expose the token to additional losses, targeting the next support near $0.467. On the upside, bulls should overcome strong resistance near $0.581 to signal any recovery. This level coincides with the 0.618 Fib retracement, making it a structurally considerable hurdle. Flipping the immediate resistance would open the door for a move toward the next resistance near $0.631. However, with belief still delicate and no continual need visible in volume profiles, any rally is likely to deal with headwinds from overhead supply zones. Till Pi coin rate reclaims crucial technical levels with conviction and consistent volume, the more comprehensive trend remains biased to the downside. The token continues to trade in a structurally weak position, with failed bullish cues further cementing its vulnerability.

The Pi Network coin price remained flat, reflecting persistent weakness and a lack of sustained purchasing interest. Without sustained conviction, Pi Coin remains stuck in a self-inflicted cycle of failed rallies and deeper lows. Pi Network’s 100-day mainnet upgrade included the statement of Pi Network Ventures, a $100 million fund– split between Pi tokens and USD– to support start-ups developing within its ecosystem. Pi Coin Rebound Fizzles as Bears Retake Control Pi Network’s $100 million utility effort triggered a temporary recovery in PI coin cost, but the momentum stopped working to hold. Till Pi coin price recovers essential technical levels with conviction and constant volume, the wider pattern remains biased to the drawback.