In the last 24 hours, PI has experienced a 17% decline, dropping below the $1 threshold even after the Pi Foundation introduced a $100 million startup fund known as Pi Network Ventures. This venture is aimed at enhancing real-world adoption by investing in companies that incorporate PI into AI and fintech sectors.

Although the announcement of the startup fund has generated enthusiasm within the ecosystem, technical indicators are signaling potential concerns. Various signals are showing a decrease in momentum, indicating that profit-taking and broader corrections might already be in progress.

Pi Network Ventures has been launched by the Pi Foundation to accelerate the real-world adoption of the PI token, following some anticipation. Financed by 10% of the PI supply, this initiative will support early to Series B companies that integrate PI into areas such as AI, fintech, e-commerce, and consumer applications.

Most investments will be made in PI tokens rather than traditional currency, aligning with the project's long-term ecosystem objectives. Despite a recent 85% increase over the past two weeks and renewed investor interest along with rumors of a potential listing on Binance, Pi's technical indicators suggest that the recent rally may be losing its strength.

The DMI chart indicates that the ADX has significantly decreased from 72 to 35.46 over two days, hinting at a sharp weakening in trend strength. Values above 25 on the ADX signify a robust trend, while drops below 20 usually indicate trend fatigue. Furthermore, the shifting values of +DI and -DI suggest an increase in bearish pressure over bullish strength, potentially leading to a consolidation or correction phase for PI.

Additionally, the Chaikin Money Flow (CMF) for Pi Network has dropped notably in just two days, indicating fading buying pressure and a possible shift towards distribution. If the CMF continues to decline, it could suggest a short-term price correction as traders take profits following the recent upsurge.

Furthermore, PI's price has fallen back below $1, marking a 17% decrease in the last 24 hours and erasing a substantial portion of its recent gains. The EMA lines are tightening, signaling a potential bearish trend reversal associated with further downside movement, with the possibility of testing support levels at $0.90, $0.78, and even $0.636 in case of further decline. However, a bullish reversal could see PI rally back to challenge resistance at $1.23 and potentially move higher toward $1.67 and $1.798.