Pi holds above $0.091 as OpenPay restores cash-in feature
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 $0.1000โ$0.1022 resistance zone to strengthen its bullish outlook.
Pi Network traded in positive territory above $0.091 on Tuesday, preserving the 10% gain recorded during August.
The token's latest recovery coincides with OpenPay's 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.
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.
OpenPay restores cash-in support for PI
OpenPay, a Web3 decentralized wallet connected to the Pi Network ecosystem, announced on Monday that it had reintroduced its cash-in feature following community demand.
The service supports 96 partners, including Pi Network, local banks in the Philippines and international payment providers such as Apple Pay and PayPal.
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