Pi Network (PI) is currently trading at $0.271723, reflecting a 6.68% increase over the past 24 hours. The asset has demonstrated notable volatility, with a daily range of $0.023529 between a high of $0.274998 and a low of $0.251469.

The volume traded in the last 24 hours is approximately 50,365,834, resulting in a volume-to-market cap ratio of 2.23%. This indicates a moderate level of trading activity compared to its market capitalization, suggesting investor interest is growing, particularly in light of the recent price increase.

Short-term moving averages are showing bullish trends, with the 8 SMA at $0.2539 reflecting a 7.01% increase, and the 13 SMA at $0.2544 showing a 6.79% rise. The longer-term moving averages, including the 55 SMA at $0.2473 (+9.90%) and 144 SMA at $0.2419 (+12.32%), indicate a broader upward trend, reinforcing the current bullish sentiment.

The 1-hour Relative Strength Index (RSI) is at 73, suggesting that PI is nearing overbought territory in the short term. However, the 7-day RSI at 62 indicates that the asset still has room for further upward movement, particularly given the 7-day and 14-day price changes of 14.74% and 21.90%, respectively.

Despite the impressive gains and positive technical indicators, the asset remains significantly below its all-time high of $2.99 reached in February 2025. This gap indicates considerable upside potential, but also highlights the volatility and risk associated with PI, particularly as it approaches resistance levels.

Considering the current technical setup, bullish momentum, and recent price action, a Buy rating is warranted for Pi Network (PI). The combination of strong moving averages, positive RSI readings, and overall market interest supports a favorable outlook for potential price appreciation in the near term.