PI remained above $0.091, continuing the approximately 10% increase seen in August. Meanwhile, the wallet OpenPay that has integrated into the Pi Network ecosystem has restored its recharge function, providing PI holders with an additional channel for transfers and payments. However, in terms of price performance, PI has yet to surpass the crucial level of $0.10.
OpenPay Re-enable the recharge function
OpenPay indicates that this feature has been re-launched driven by community demand. The service currently connects with 96 partners, covering Pi Network, local Philippine banks, as well as international payment channels such as Apple Pay and PayPal.
If users choose to pay using PI, they need to first exchange their tokens for OUSD stablecoins. After the conversion is complete, the funds can be used for transfers, QR code payments, or converted back to Pi Wallet. For PI, this means that there are additional practical use cases, beyond just holding and trading.
However, the additional requirements imposed by KYC may also cause some users to have concerns regarding privacy and the barriers to use.
$0.10 remains a key resistance level.
PI On Tuesday, it was reported at $0.0915, still below the integer mark of $0.10. The article mentioned that the current price is still above $0.0836, which corresponds to a 23.6% retracement level after the previous round of declines.
The market is currently in a sideways state, indicating that there is still buying support at lower levels, but the selling pressure around $0.10 has not significantly eased. If a further rebound is to continue, PI needs to effectively break through the range of $0.10 to $0.1022. The article considers $0.1022 to be another strong resistance level.
If the daily chart can hold above this area, prices are expected to continue to move closer to $0.1204.
Short-term trend remains consolidation-oriented.
From a technical indicators perspective, MACD and the signal line are still moving horizontally near the zero axis, indicating that the bullish momentum is not strong. RSI is around 52, slightly above the neutral position, but there is also no clear sign of strong buying pressure.
This means that, although PI has managed to maintain its recent gains, the short-term trend seems more like a consolidation rather than having entered a clear upward phase. The most direct support level is still at $0.0836; if it breaks below this level, the price could revisit the low of $0.0703.
Overall, the restoration of the recharge function by OpenPay has improved the payment availability of PI. However, what the market is more concerned about next is whether the price can break through the resistance level above $0.10.
