Pi Network Price Forecast: PI stalls as Core Team expands investment fund to Axis Robotics
- Pi Network hovers around $0.0760 on Wednesday, capped below a long-term resistance trendline near $0.0800.
- Pi Core Team expands Pi Ventures' portfolio with an investment in Axis Robotics to support AI and robotics projects.
- The technical outlook for the PI token signals an upside bias as selling pressure wanes.
Pi Network (PI) hovers around $0.0766 on Wednesday, holding steady after a roughly 2% rebound on Monday. Axis Robotics officially confirmed that it has received seed investment from Pi Ventures, which focuses on the technical integration of AI and robotics. The technical outlook for PI is mixed, as the price remains capped below a long-term resistance trendline, but selling pressure is waning.
Pi Ventures expands to Axis Robotics
Axis Robotics, in a social media post on Wednesday, confirms ties with Pi Network’s investment fund, Pi Ventures. The post further adds that, in addition to the $12 million seed investment in 2026, there is a technical integration plan to scale physical AI together.
Technical outlook: Will Pi Network perform a bullish reversal?
Pi Network trades at $0.0766 at press time on Wednesday, extending a bearish stance after four consecutive bearish weekly closes. The PI token holds well beneath both the 50-day and 200-day Exponential Moving Averages (EMAs) at $0.0838 and $0.1165, respectively.
In addition, the broader downtrend remains dominant as the descending trendline, connecting the June 20 and August 22 highs, around $0.0803, capped multiple rebounds and acted as nearby resistance. PI must surpass the overhead cluster of the trendline near $0.0803 and the 50-day EMA at $0.0838 to reinstate a bullish recovery, opening the path toward the $0.1000 psychological level.
Momentum remains weak on the daily chart, with the Relative Strength Index (RSI) near 37 hinting at lingering weakness, despite the Moving Average Convergence Divergence (MACD) line holding marginally above its signal line, suggesting only tentative stabilization rather than a trend reversal.
On the downside, the only nearby structural cushion emerges at the swing low of $0.0704, where a break would open the door to a fresh leg lower in the prevailing downtrend.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
Author
Vishal Dixit
FXStreet
Vishal Dixit holds a B.Sc. in Chemistry from Wilson College but found his true calling in the world of crypto.
