Pi Network (PI) Price Corrects Sharply Post-$100M Fund News; Analyst Cites “Overbought Euphoria”

Pi Network (PI) price corrected over 28% (from $1.53 to $0.8447) after its $100M fund news Analyst BOB on X attributes PI drop to “overbought euphoria,” citing RSI above 90 pre-fall PI recovery to $1.50+ hinges on Pi Network Ventures utility & major CEX listings (Binance) Pi Network (PI) has experienced a sharp correction after what should have been bullish news, the announcement of a $100 million venture fund aimed at accelerating development on its mobile-first blockchain. Instead of rallying on the news, PI dropped more than 28% in 24 hours, falling from its local high of $1.53 to a recent low of $0.8447. The token now trades at $0.8647, slightly off its intraday bottom, but still deep in the red. Overheated Rally Led to Predictable Exhaustion, Says Analyst BOB According to crypto analyst BOB on X , the market was caught in an “overbought euphoria” following the hype around the Pi Network Ventures announcement. With RSI crossing 90 on the 4H chart during the pump to $1.53, PI was in dangerously overheated territory. The correction was brutal but predictable. The analyst noted: “Short-term might bleed more, especially with those token unl… The post Pi Network (PI) Price Corrects Sharply Post-$100M Fund News; Analyst Cites “Overbought Euphoria” appeared first on Coin Edition .

Source: Coin Edition