{"id":12642,"date":"2026-09-01T10:08:14","date_gmt":"2026-09-01T10:08:14","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=12642"},"modified":"2026-09-01T10:08:14","modified_gmt":"2026-09-01T10:08:14","slug":"pi-holds-above-0-091-as-openpay-restores-cash-in-feature","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=12642","title":{"rendered":"Pi holds above $0.091 as OpenPay restores cash-in feature"},"content":{"rendered":"
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Key takeaways<\/span><\/p>\n
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Pi Network is trading above $0.091 after gaining 10% in August.<\/span><\/li>\n
OpenPay has restored its cash-in feature, enabling users to convert PI and other altcoins into the OUSD stablecoin.<\/span><\/li>\n
PI must break above the $0.1000\u2013$0.1022 resistance zone to strengthen its bullish outlook.\u00a0<\/span><\/li>\n<\/ul>\n
Pi Network traded in positive territory above $0.091 on Tuesday, preserving the 10% gain recorded during August.<\/span><\/p>\n
The token\u2019s latest recovery coincides with OpenPay\u2019s decision to restore its cash-in feature. The service allows users to convert PI and other supported altcoins into the OUSD stablecoin for payments and transfers.<\/span><\/p>\n
Despite improving utility, PI remains below the psychologically important $0.1000 level. A confirmed breakout above this resistance is required to establish a stronger upward trend.<\/span><\/p>\n
OpenPay restores cash-in support for PI<\/h2>\n
OpenPay, a Web3 decentralized wallet connected to the Pi Network ecosystem,<\/span> announced on Monday<\/span> that it had reintroduced its cash-in feature following community demand.<\/span><\/p>\n
The service supports 96 partners, including Pi Network, local banks in the Philippines and international payment providers such as Apple Pay and PayPal.<\/span><\/p>\n
Users choosing to pay with PI must first convert their tokens into OUSD. The resulting stablecoins can then be used for transfers, QR-code payments or transactions directed back toward a Pi Wallet.<\/span><\/p>\n
Restoring the feature could increase PI\u2019s practical utility by providing holders with additional ways to move and spend their assets.<\/span><\/p>\n
However, OpenPay\u2019s additional Know Your Customer requirements may raise privacy and accessibility concerns among some community members.<\/span><\/p>\n
PI remains capped below $0.1000<\/h2>\n
PI traded around $0.0915 on Tuesday but remained below the $0.1000 psychological resistance level.<\/span><\/p>\n
The price continues to move sideways above the 23.6% Fibonacci retracement level at $0.0836. This retracement is based on PI\u2019s decline from $0.1341 to $0.0703.<\/span><\/p>\n
The consolidation indicates that buyers are defending lower levels, although persistent selling pressure around $0.1000 continues to limit the recovery.<\/span><\/p>\n
PI must record a confirmed breakout above $0.1000 to strengthen its bullish outlook. The 50% Fibonacci retracement level at $0.1022 reinforces this resistance, creating a significant supply zone between $0.1000 and $0.1022.<\/span><\/p>\n
A decisive daily close above the area could encourage sidelined buyers to enter the market and extend PI\u2019s recovery toward the 78.6% Fibonacci retracement level at $0.1204.<\/span><\/p>\n
The Moving Average Convergence Divergence indicator and its signal line are moving sideways slightly above the zero level on the daily chart.<\/span><\/p>\n
This setup suggests that bullish momentum remains weak despite PI holding onto its recent gains.<\/span><\/p>\n
The Relative Strength Index stands near 52, slightly above its neutral midpoint. Although the reading provides a mildly constructive signal, it does not indicate strong buying pressure.<\/span><\/p>\n
Together, the indicators suggest that PI may continue consolidating unless buyers generate enough momentum to overcome the resistance around $0.1000.<\/span><\/p>\n
<\/p>\n
The 23.6% Fibonacci retracement level at $0.0836 provides the most important immediate support.<\/span><\/p>\n
A confirmed breakdown below this level could expose the swing low at $0.0703. Losing that support would weaken the current recovery structure and could push PI into a new price-discovery phase.<\/span><\/p>\n
PI\u2019s near-term direction will therefore depend on whether buyers can reclaim the $0.1000\u2013$0.1022 resistance zone or sellers force a breakdown below $0.0836.<\/span><\/p>\n
Key takeaways Pi Network is trading above $0.091 after gaining 10% in August. OpenPay has restored its cash-in feature, enabling users to convert PI and other altcoins into the OUSD stablecoin. PI must break above the $0.1000\u2013$0.1022 resistance zone to strengthen its bullish outlook.\u00a0 Pi Network traded in positive territory above $0.091 on Tuesday, preserving<\/p>\n","protected":false},"author":1,"featured_media":12643,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-12642","post","type-post","status-publish","format-standard","has-post-thumbnail","category-eurozone"],"yoast_head":"\n
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![\"\"](\"https:\/\/coinjournal.net\/wp-content\/uploads\/2026\/09\/ChatGPT-Image-Sep-1-2026-10_18_58-AM.png\")
\n<\/picture> <\/div>\n<\/p><\/div>\n![\"PI\/USD](\"https:\/\/coinjournal.net\/wp-content\/uploads\/2026\/09\/PIUSDT_2026-09-01_10-14-39.png\")
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