Pi Network recognized by Ulu Ventures portfolio, can a reversal be expected in the falling wedge pattern? | PI price prediction

Despite being officially included in the investment portfolio of venture capital firm Ulu Ventures, Pi Network (PI) continues to face selling pressure, with the price once falling to around $0.3489, close to its historical low. However, it has now rebounded to above $0.36. Overall, technical indicators show a continuation of the weak trend, with funds continuing to flow out, but the current price has formed support in the range of $0.33-$0.34. Analysts point out that PI is oscillating within a falling wedge pattern, and if it can hold the support, it may experience a rebound; otherwise, it risks further bottoming out.

[Institutional Investment Dynamics]

Ulu Ventures has recently officially included Pi Network in its portfolio, an action that is seen by the market as an important endorsement of the project's long-term potential. The institution participated in Pi Network's seed round financing as early as 2023, and this public statement further strengthens the cooperative relationship between the two parties. Despite the short-term market performance being weak, the participation of institutional investors still injects confidence into the Pi Network community (known as "pioneers"), and many long-term cryptocurrency holders regard this as a typical case of value investment in blockchain projects.

[Price Trend Analysis]

The current trading price of the PI token is $0.3620, down nearly 20% from last month, and above the historical low of $0.33515. Market analysts point out that the centralized exchange holdings currently amount to $414.6 million, but continue to face selling pressure. From the perspective of technical analysis of cryptocurrency market trends, the MACD indicator remains negative, the accumulation/distribution line shows insufficient buying power, and the Chaikin money flow indicator also confirms that the outflow of funds has not changed. All these signals indicate that the investment in the Pi coin is currently in a weak pattern.

[Technical Patterns and Trading Opportunities]

(PI price action and indicators | Source: TradingView)

From the daily chart, the PI is currently operating within a falling wedge pattern, which is often seen as a potential reversal signal. The price has repeatedly encountered resistance at the upper trendline of the pattern but has found support in the range of $0.33-$0.34. The narrowing Bollinger Bands indicate a decrease in volatility, suggesting an upcoming directional choice. Cryptocurrency traders should pay attention to the defense of this support zone: if it is successfully held, it may push the price to rebound towards the resistance range of $0.42-$0.45; if it is lost, it could trigger a new downward trend. This breakout trading opportunity is worth close attention from digital currency investors.

[Market sentiment and community response]

Despite gaining institutional recognition, the market sentiment for Pi Network remains weak. The sluggish trading volume reflects a generally cautious attitude among investors. Community members acknowledge the long-term value of institutional investment while also paying attention to short-term price performance. Some blockchain enthusiasts believe that the current price levels may provide an opportunity for low-position entry, but the market still requires more positive catalysts to change the current weak situation.

[Conclusion] Overall, Pi Network is currently at a critical stage of technical and fundamental games. Institutional investment backing provides long-term value support for the project, but short-term technical indicators still show weakness. Cryptocurrency investors should closely monitor the validity of the support range of $0.33-$0.34, as the outcome of the battle at this level will determine the next direction for the PI price. For digital currency market analysis, the breakout direction of the falling wedge pattern will become an important reference for subsequent operations.