Pi Network Greenlights BANXA KYB While Token Price Flirts With $0.58 Danger Zone

Pi Network just stamped approval on BANXA’s Know-Your-Business compliance—because what’s a crypto project without another middleman taking their cut?

Meanwhile, the token’s price action looks as lively as a dial-up connection, barely clinging to that $0.58 ’support’ level. Traders are either patient pioneers or masochists at this point.

Funny how these ’partnership’ announcements always drop when the chart needs CPR. The crypto playbook remains predictable: when in doubt, announce infrastructure.

The relative strength index, which is currently hovering around 40, shows that bulls are lacking enough pressure, but it does not validate oversold conditions. The moving average convergence divergence is weak and does not exhibit any bullish crossover, despite being marginally positive. 

There is no strong volume and the average directional index is below 10, which suggests a very weak trend at the moment. This hesitancy implies that the market is awaiting a distinct catalyst before deciding on a course. The bias will probably continue to be downward as long as Pi remains below its 20-day average.

Still, if the $0.58 support holds and sentiment around Pi’s compliance push continues to build, a relief bounce is possible. But for a real reversal to gain traction, Pi would need to reclaim the $0.60–$0.62 area with strong volume. Until then, traders may remain cautious.