The Pi Network (PI) is currently trading at $0.174182, reflecting a significant 9.82% increase over the last 24 hours. The daily trading range of $0.047264 indicates heightened volatility, with a 24-hour high of $0.205874 and a low of $0.15861.

Volume stands at 87,194,410, representing 5.55% of the market cap, which suggests moderate trading activity relative to its size. The hourly moving averages indicate a bearish short-term trend, with the 8 SMA at $0.1916 showing a 9.08% decrease, while the 55 SMA at $0.1639 has gained 6.25%, indicating potential support.

The 1-hour RSI is at 46, suggesting that PI is approaching oversold conditions, while the 7-day RSI at 57 indicates a neutral trend but leaning towards bullish territory. The recent 7-day price change of 20.05% reflects strong momentum, contrasting with the negative 30-day change of -14.85%, highlighting a short-term recovery amid a longer-term downtrend.

Given the current technical indicators and the recent price performance, Pi Network is showing signs of potential bullish momentum. However, the resistance at the $0.1916 level, along with the bearish signals from shorter-term moving averages, suggests caution.

Overall, the combination of near-term bullish indicators and longer-term bearish trends leads to a Hold rating. Investors should monitor for a clear breakout above the 8 SMA or further confirmation of support around the 55 SMA before considering new positions.