Pi Network (PI) and BNP Paribas Team Up to Launch Global Open Mainnet

Pi Network (PI) and BNP Paribas, one of Europe's largest and most reputable financial institutions, have teamed up as Pi Network continues to move closer toward launching its Global Open Mainnet.

Europe’s one of the largest and most reputable financial institutions, BNP Paribas, and Pi Network have teamed up as Pi continues to move closer toward launching its Global Open Mainnet.

According to a recent report by Pi Coin Magazine, BNP Paribas has unveiled an innovative online Payment service that leverages Open Banking APIs for Instant SEPA transfers, which will be integrated 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 to enable real-time settlements, further pushing adoption.

Moreover, Pi Network has announced the Mainnet Wallet Activation update, aiming to reduce 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 Analysis: Can 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.