Pi Network Teams Up With BNP Paribas—Can PI Crack the $1 Barrier?
Pi Network just shook hands with banking giant BNP Paribas—an unlikely pairing that’s got crypto circles buzzing. The move signals mainstream finance’s grudging nod to decentralized projects, even if Wall Street still thinks ’blockchain, not Bitcoin.’
PI’s price action has been a slow burn, but this partnership could be the spark. Traders are eyeing that psychological $1 level like a finish line—break it, and the FOMO floodgates might open.
Of course, bank collabs come with fine print. Will BNP’s involvement mean more compliance handcuffs? Or is this the rare case where institutional backing actually boosts decentralization cred? Either way, PI holders are strapping in—this could get volatile.
Funny how a ’revolutionary’ crypto project still needs old-money validation to get taken seriously. The irony’s thicker than a banker’s bonus.
A Transformative Collaboration: Pi & BNP Paribas
BNP Paribas has revealed an innovative online payment service integrating Open Banking APIs with Instant SEPA transfers, which will be fused with the Pi Nexus Banking System.
The synergy offers multiple benefits, including faster transactions, cost efficiency, financial inclusion, cross-border expansion, and institutional trust.
Businesses can benefit from Pi’s low-fee ecosystem and instant SEPA transfers, combined with Pi’s blockchain can enable real-time settlements, further pushing adoption.
Ecosystem Expansion: Wallet Activation Update
Additionally, Pi Network has introduced a Mainnet Wallet Activation update, reducing entry barriers for users. This allows KYC-verified Pioneers to seamlessly activate wallets and engage with the Pi Mainnet.
The integration of third-party KYC providers like Banxa broadens access, ensuring that a larger, global user base can interact with the blockchain securely.
Technical Outlook: Will PI Reach $1?
As per CoinMarketCap data, PI is trading at $0.5940, up 1.40% in the past 24 hours. The cryptocurrency’s trading volume shot up a massive 55.75%, suggesting increasing buying pressure from investors.
Analyzing the 4H chart below, it is clear that the immediate resistance lies at $0.6485 (0.786 Fib), followed by $0.6848 (1.618). The $0.7434 (2.618) and $0.8020 (3.618) levels are further resistance zones.
Also, the $0.8382 (4.236) level represents a possible overextension zone—likely where $1 could be tested if sentiment surges.
PI 4H Chart | Source: TradingView
On the other hand, the RSI currently stands around 46.63, showing a neutral zone, recovering from oversold conditions NEAR April 29. A bullish divergence formed as price made a lower low while RSI made a higher low.
The MACD indicator shows that the blue MACD line is slightly above the orange signal line, suggesting an emerging bullish crossover, but momentum remains weak. A strong upward MACD histogram would be needed to confirm sustained bullish sentiment.
It is important to note that a successful retest and breakout above $0.6485 and $0.6848 could attract bullish volume, pushing the price to $0.80 and $1. However, failure to break above $0.6485 could cause the price to revisit support near $0.55.
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