Pi Network (PI) is currently trading at $0.239211, reflecting a slight decline of 1.18% over the past 24 hours. The daily price range has been relatively tight, with a high of $0.243017 and a low of $0.233358, indicating subdued volatility and interest in the short term.

Trading volume stands at 26,787,604, translating to a volume-to-market cap ratio of 1.35%, suggesting moderate trading activity relative to market capitalization. The 1-hour RSI at 43 indicates a neutral sentiment, while the 7-day RSI at 52 suggests that PI is neither overbought nor oversold, aligning with its recent price stability.

The short-term moving averages show mixed signals: the 8 SMA and 13 SMA are both showing slight positive momentum, while the 21 SMA and 55 SMA indicate marginal declines. However, the 144 SMA has turned positive, suggesting a potential bullish trend might develop if current momentum continues.

Over the past 30 days, PI has seen a price increase of approximately 15.32%, reflecting a stronger performance compared to the previous 14-day change of about 3.97%. This upward trend, despite recent short-term fluctuations, could be indicative of underlying bullish sentiment.

The all-time high of $2.99, reached on February 26, 2025, remains significantly above the current price, suggesting substantial upside potential if the market sentiment shifts positively. However, the current price still reflects a considerable distance from this peak, requiring sustained buying pressure to approach those levels.

Based on the current technical indicators and price action, I recommend a Hold rating for Pi Network (PI). The recent price stability, combined with mixed moving average signals and neutral RSI readings, suggests that investors should await clearer bullish signals before committing to a Buy position.