- Pi Network has approved BANXA as one of its trading partners, allowing users in over 100 countries to buy and trade Pi easily.
- Pi is still struggling to break the $0.6485 resistance level, with technical indicators like RSI and MACD showing weak buyer momentum.
- Pi Network has approved BANXA as a medium of trading Pi through its Know Your Business (KYB) framework.
This decision does not only strengthen Pi’s credibility but also supports its goal to expand globally. As the network continues to build partnerships and improve its ecosystem, this approval marks a key moment in its journey toward becoming a trusted network in the crypto space.
The details of the approval were first shared by the popular crypto expert Dr. Altcoin on May 2nd. He called it a big step in Pi Network’s goal of reaching more users. With this approval in place, people in more than 100 nations can now buy Pi using cash through BANXA, making it easier than before.
The report also covered that those Pi users trading with each other must complete identity checks and use wallets they control themselves. This setup improves rules compliance, boosts protection, and lowers risk.
Pi’s Network Price and Technical Outlook
Currently, the price of Pi is trading at 0.59, and the resistance on its 4-hr time frame stands at $0.6485, with further barriers set at $0.6848, $0.7434, and $0.8020. If the price breaks its resistance of $0.8382, there’s a possibility that it could lead to a push toward $1.
The price has also dropped below the 10, 20, and 50-day moving averages, suggesting that sellers are still in control. The RSI is near 40, pointing to weak buyer interest without confirming oversold levels. The MACD remains soft, showing no strong bullish signals even though it’s slightly positive.
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