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💜💜💜The price of the Pi Coin token dropped by 22% after the support from Ulu Ventures for the Pi network 🔥🔥🔥🔥🔥on August 21, 2025
Ulu Ventures has added the Pi network to its portfolio, and the price of the Pi coin is $0.3489, which is a 22% decrease over the month.
Pi coin is facing downward pressure while trading at a volume of $414.6 million on exchanges.
Despite the support from Ulu and the effectiveness of the recent Hackathon, the price of Pi may drop further due to MACD fluctuations.
Pi Network received significant backing from Ulu Ventures, a major investor that added the crypto project to its portfolio, and crypto analyst Dr Altcoin shared this on X.
Ulu Ventures, one of the three leading companies supporting the Pi coin in 2023 alongside 137 Ventures and Designer Fund, sees potential in the Pi coin despite the challenges it has faced recently. The price of the coin has stabilized at $0.3489, down 1% for the day, 10% for the week, and 22% for the month.
This step boosts the morale of Pi investors, known as entrepreneurs, especially after the recent Pi network hackathon aimed at increasing the utility of the network. But the road seems difficult, with signs of further price declines.
Bear signals for coin Bai
Even with the support of Ulu Ventures, the price of Pai remains in a critical state, holding at the all-time low of $0.33515, which was recorded two weeks ago, with an increase of only 3.9%. More cryptocurrencies are accumulating on exchanges as the Pi Scan index shows that the value of tokens ready for sale is $414.6 million, which often means that investors are eager to pull out their investments.
Technical indicators are also not helping. On the daily chart of TradingView, the relative strength index of the Pay coin is 37.25, stuck in the bearish zone, despite a slight increase.
The convergence and divergence of moving averages also indicates the presence of an imbalance. The formation of a downward crossover with the MACD line approaching a decline below the signal line may signal further price drops. While Auro support represents a vote of confidence, it may not be enough to quickly change the situation.
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