- Pi Network secures backing from Ulu Ventures as the PI token hovers around $0.36, signaling ongoing institutional confidence.
- Despite technical weakness, the support level may trigger either a rebound or further downside.
Pi Network has attracted fresh institutional backing from Ulu Ventures even as its token, PI, trades close to historic lows. The endorsement signals long-term confidence in the project, though market conditions remain fragile.
Pi Network's Institutional Backing!
Ulu Ventures, one of the three early seed investors in Pi Network in 2023, officially lists Pi Network among its portfolio companies.@PiCoreTeam @nkokkalis @Chengdiao pic.twitter.com/enUOR8OGBS
— Dr Altcoin (@Dr_Picoin) August 20, 2025
Pi Network Price Holds Above Key Support
At the time of writing, PI is trading near $0.36, showing a slight rebound after recently dipping to an all-time low of $0.33515. The token is still down more than 20% in the past month, but buyers have managed to keep prices above the $0.33–$0.34 support zone.
Market data shows centralized exchanges currently hold over $414.6 million worth of PI tokens, suggesting significant liquidity but also heavy distribution across trading platforms. Technical indicators remain weak, with the MACD still negative and the Chaikin Money Flow reflecting ongoing capital outflows.
Descending Wedge Pattern Points to Possible Reversal
On the daily chart, PI continues to move within a descending wedge pattern, a setup often associated with potential bullish reversals. Analysts note that Bollinger Bands are narrowing, signaling tightening volatility and an imminent price move.
If buyers defend the $0.33 support and sustain the rebound, PI could target the $0.42–$0.45 range. However, failure to hold above this level may expose the token to deeper losses, adding further pressure on the struggling project.
Ulu Ventures Reinforces Long-Term Confidence
While short-term technicals look weak, institutional support has provided a much-needed morale boost for the Pi Network community. Ulu Ventures, which initially participated in Pi Network’s 2023 seed round alongside 137 Ventures and Designer Fund, has now officially listed the project in its active portfolio.
This move highlights continued confidence from major investors despite bearish market conditions. For Pi’s community of Pioneers, the backing serves as reassurance that the project’s long-term vision retains credibility among institutional players.
Outlook for Pi Network
Pi Network now finds itself at a critical stage. A sustained defense of its $0.33 support could help shift sentiment and attract fresh buying interest. On the other hand, failure to hold this rebound may lead to further downside risks.
With Ulu Ventures’ endorsement, Pi Network has received a strong show of confidence. The coming weeks will reveal whether technicals align with this support to trigger a recovery or if bearish forces continue to dominate.
ALSO READ:PI Network Declines in Falling Channel as Bears Gain Control
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