The Pi coin may soon surpass the $0.60 mark, what is pushing the price?

The price of the Pi coin (PI) may soon break out, as technical signals and community news indicate a positive direction.
The price of Pi traded at around $0.00…48 at press time, with an intraday decrease of 5.08%. The trading volume decreased by 48% to $167.8 million.
However, it is worth noting that just a day before, the coin experienced an almost 200% intraday trading volume increase. Additionally, during the same period, its price jumped by 6.8%.
Interest in PI is likely to grow as the wallet is updated and potentially integrated with Bin..ce.
The price of the PI coin has increased after the wallet added a fiat purchase button.
The price of PI coins has recovered after the Pi Wallet quietly introduced a new direct purchase feature.
This update allows users to purchase PI with fiat money through third-party services Banxa and Onramper.
The "Buy" button has now appeared in some wallets on the network, providing users access to purchase Pi using credit cards, Google Pay, and Apple Pay.
This new fiat channel has become an important milestone in promoting Pi Network towards mass adoption.
Users no longer need to rely on external exchanges to acquire PI. Instead, they can top up their balance directly in the wallet interface, which minimizes difficulties for new users.
The deployment of the feature remains selective. Currently, access is limited to wallets verified by Banxa, but a global expansion is anticipated.
Community leader Woody Svetly noted the update on X, sparking widespread discussion among the Pioneers.
The update aligns with the overall idea of making cryptocurrency acquisition as simple as digital banking operations.
Bulls now see a breakthrough above the descending trend line in sight when the trading volume exceeds 92 million dollars. If this level is broken, the price of the PI coin may begin to reverse towards the highs reached before the consolidation.
Hints of Bin..ce integration appear within the Pi wallet.
Even more speculation is fueled by the discovery of support tabs related to Bin..ce in the Pi Wallet interface.
The screenshots shared on social media show mentions of Bin..ce Connect Support and Bin..ce P2P Support in the app's help section.
The official list has not been confirmed, but hints suggest work is being done on the background or initial integration.
Rumors that Bin..ce would be listed have circulated before. It is noteworthy that this is not the first case, however, the addition of support tools for Bin..ce has added weight to this discussion.
If the integration occurs, even partially, it could expand the liquidity and global reach of the Pi Network.
The ecosystem is expanding thanks to updates to App Studio and Node.
The Pi Network continues to expand its core ecosystem. Since the launch of Pi App Studio, more than 7,900 dApps have already been created.
These applications can be both gaming and financial, providing even more activity on the network.
Recently, Pi released Node v0.5.3, which simplifies the setup and improves integration with the blockchain explorer.
The update enhances the efficiency of validator operations and the transparency of the network. By making node participation more accessible, Pi strengthens its level of decentralization.
These updates come as Pi integrates Web2 financial tools with Web3 architecture. The wallet update indicates a shift toward real functionality.
The combination of fiat entry points with decentralized applications positions Pi Network for long-term user retention.
Support tools are now available for developers and validators, and access for users has been simplified. Together, these improvements create the conditions for the buying side to receive a mirror reflection of increased activity on the chain.
The analyst predicts a breakout of the triangle above $0.60 for Pi Coin.
According to chart analyst Jireon, the price of the PI coin is forming a symmetrical triangle, with the upper boundary being the level of $0.60.
His latest chart shows increasing volumes, a narrowing price movement, and an RSI that is slightly above 48.
Jireon stated that Pi "will not stay below $0.60 for long." The structure suggested a compression of volatility, which typically ends with a trend breakout.
It is noteworthy that the trend line in March was a long-term resistance that had already been tested and confirmed that it had held the price of Pi in the past.
He forecasts $0.75 and $0.90 as the nearest targets for growth if the price of the PI coin confirms a breakout volume above $0.60. This corresponds to the key Fibonacci extensions from the April high to the May low.
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