PI Network approves the KIB bank, fighting near support

PI Network has officially approved the bank under its knowledge of your business framework, a move that significantly increases the global range of the project.

This approval of people in over 100 countries can now buy the PI network (Write) Directly with cash using the bank, eliminating the hassle that comes with cryptocurrent oripes. The announcement was first shared by the popular crypto analyst dr. Altcoin 2. Maja, who described it as a “gift gift” in PI networks for mass adoption.

In addition, users who participate in peer-to-peer transactions must have aware of the checks of your customer and use non-custody banknotes. This multilayer verification system helps meet the change of regulatory requirements, security improvement and reduce fraud.

In the coming days, the exchange such as Bitmart and HTKS are expected to receive additional approvals of KIB, according to Dr. Altcoin. These development events are considered key speech points at consensus 2025. years, and PI’s regulatory approach could be helped to highlight the crowded market.

The price of PI remained relatively flat despite the positive news. Pi / USDT Pair is currently held above $ 0.58 support level, although the momentum is obviously declining. The price has fell Below important religious average, such as 10, 20, and even 50-day average, indicating that the sellers are still in charge.

The relative strength index, which currently floats around 40, shows that the bulls are lacking sufficient pressure, but does not confirm the reversal of the conditions. The moving average convergence divergence is weak and does not show any bils crossover, despite it is marginally positive.

There is no strong volume and the average directional index is below 10, which currently suggests a very weak trend. This hesitation involves that the market is waiting for a special catalyst before determined on the course. Prisad will probably still be down until Pi stays below its 20-day average.

However, if the support of $ 0.58 is to keep and feel about Pi’s respect to Pi, it continues to build, a relief bounce is possible. But for real reversal To gain towing, PI should recover an area of ​​0.62 dollars of $ 0.62 with a powerful volume. Until then, traders can remain careful.