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Pi Network is listed on the Ulu Ventures portfolio companies list, but Pi Price is struggling, with technical and on-chain indicators showing a bearish trend.
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Ulu Ventures
Ulu Ventures, one of the three first investors in Pi Network in 2023, has added Pi Network to its portfolio. While the cryptocurrency PI has been struggling recently, this move could be a significant boost to its price. However, technical and on-chain indicators are painting a bleak picture for PI.
Confirmation from Ulu Ventures website
Ulu Ventures adds Pi Network to its portfolio
According to a recent contribution On X, crypto analyst Dr. Altcoin noted that Ulu Ventures has added Pi Network to its list of portfolio companies. The firm joined Pi’s seed round in 2023 along with two other firms; 137 Ventures and Designer Fund.
While the addition of Pi Network to the company’s portfolio serves as a formal recognition of the project, the move also serves as much-needed institutional support. Pi coin has been in the spotlight for the wrong reasons recently, as its price has fallen to an all-time low. However, the addition to Ulu Ventures’ portfolio underscores that institutional investors still believe in the project.
This move could rekindle confidence among Pi cryptocurrency investors, known as Pioneers, and significantly boost the price of the Pi coin, coupled with the recent by launching the Pi Network hackathon, which aims to improve the usefulness of the network.
Pi Coin Faces Bearish Pressure
Despite recent institutional backing from Ulu Ventures, the price of Pi coin continues to decline. According to data from Coingecko, Pi Network (PI) price currently at $0,3489. While this level represents a drop of almost 1% in a day, Pi has fallen by over 10% in the last 7 days and 22% in the last month, confirming the price struggle.
Pi coin price chart as of August 20, 2025
Pi Coin also hit an all-time low of $0,33515 two weeks ago, with the current price only 3,9% above the all-time low. This is adding to the bearish pressure as investors fear the worst.
In this sense, the number of Pi coins on exchanges is growing. According to data According to Pi Scan, this number now stands at $414. An increase in the token’s balance on the CEX exchange usually indicates that investors are ready to liquidate their assets at any time.
Technical indicators suggest further decline in Pi price
As reported by Coingape Market, with the bearish pressure now prevailing in the Pi coin market, technical indicators indicate further price declineFor example, according to the daily chart on TradingView, Pi’s Relative Strength Index (RSI) is currently at 37,25. While the RSI is showing some signs of recovery towards the neutral line at 50, it is still in the bearish zone.
Pi Coin Daily Chart
Conclusion
On the other hand, the Moving Average Convergence Divergence (MACD) indicator is also in line with the RSI. The MACD of Pi coin is forming a bearish trend as the MACD line is showing early signs of crossing below the signal line. A full-fledged bearish trend could indicate an impending bearish price action for Pi. Although Ulu Ventures has listed Pi Network among its portfolio companies, this move may not lead to a strong price recovery.
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