Pi Network (PI) is currently trading at $0.162773, reflecting a 3.67% increase over the last 24 hours. The price has fluctuated between a low of $0.157015 and a high of $0.165612 in the same period, indicating a daily range of 5.48%.

The trading volume of 16,638,468 represents a 1.11% share of the market cap, suggesting a moderate level of trading activity. The hourly moving averages show a positive trend in the short-term, with the 8 SMA and 13 SMA both reflecting increases, while the 55 SMA indicates a slight decline.

The 1-hour RSI stands at 62, indicating that the asset is nearing overbought conditions, while the 7-day RSI at 41 suggests the asset is approaching oversold territory, providing conflicting signals. Over the last 7 days, PI has seen a price decline of approximately 10.52%, but it rebounded positively over the past 14 days with a gain of 16.76%.

Despite recent volatility, the longer-term trend remains negative, as evidenced by the 30-day price change of -9.66%. Additionally, the all-time high of $2.99 remains far out of reach, which may dampen investor sentiment in the near term.

Considering the current price action, mixed momentum indicators, and historical performance, it is prudent to adopt a cautious stance. Therefore, the recommendation for Pi Network (PI) is a Hold rating, as the asset may stabilize before a clearer trend emerges. Investors should watch for further developments and momentum shifts in the upcoming days.