Pi Network (PI) is facing increasing bearish pressure as technical indicators and community sentiment turn negative. Despite a recent 23% gain, PI has dropped 44% in just four days, falling below $1 amid backlash over the launch of its $100 million fund. Indicators like the Ichimoku Cloud and BBTrend show waning momentum, with no reversal in sight. The chart shows ongoing weakness, with short-term momentum remaining bearish. The BBTrend indicator has fallen sharply, suggesting a possible transition into an accumulation phase or a reversal. Market sentiment is severe following the launch of the Pi Network Ventures fund, with many criticizing the project for unfulfilled promises. Technical indicators support a bearish outlook, with further declines likely if key support levels are broken. Investors are advised to exercise caution and conduct thorough research before making any investment.