Pi Network (PI) is currently trading at $0.170329, reflecting a notable 4.52% increase over the past 24 hours. The price has fluctuated between a daily high of $0.17215 and a low of $0.161539, indicating a relatively tight daily range of 6.47%.

The trading volume stands at approximately 18,189,310, with a volume-to-market cap ratio of 1.15%, suggesting moderate interest in the asset. The short-term moving averages indicate bullish momentum, with the 8 SMA at $0.1700 showing a slight increase of 0.18%, and the 21 SMA at $0.1663 reflecting a more substantial gain of 2.39%.

However, the 1-hour RSI is currently at 72, which signals overbought conditions in the short term, while the 7-day RSI sits at 49, indicating neutrality over a longer period. The recent 7-day price change of -7.51% suggests a pullback, but the 14-day change of 27.24% indicates a stronger upward trend in the medium term.

Despite the current price being significantly lower than the all-time high of $2.99 achieved in February 2025, the asset shows potential for recovery based on its recent bullish performance and the positive trends in moving averages. Nevertheless, the overbought RSI may lead to a short-term correction before any sustained upward movement can occur.

Given these mixed signals, I recommend a Hold rating for Pi Network (PI). The asset has shown resilience and potential for recovery, but the overbought condition suggests waiting for a more favorable entry point before considering new positions.