Pi Network (PI) is currently priced at $0.149782, reflecting an impressive 11.47% increase over the last 24 hours. The daily price range has been relatively tight, oscillating between a low of $0.133311 and a high of $0.152168, which indicates moderate volatility in the short term.

The trading volume of 25,966,722 suggests active market participation, but the volume-to-market cap ratio of 1.92% indicates that liquidity remains limited. Technical indicators show that the 1-hour RSI is at 84, signaling overbought conditions, while the 7-day RSI at 52 suggests a neutral stance over a broader timeframe.

Moving averages reflect bullish momentum, with all key short-term SMAs (8, 13, 21, and 55) showing positive percentage changes, particularly the 55 SMA at +10.60%. However, the 14-day price change of -9.87% and 30-day change of -28.56% indicate a bearish trend in the medium to long term, suggesting that recent gains may not be sustainable.

Given the current overbought conditions indicated by the hourly RSI, along with the medium-term bearish trend, a cautious approach is warranted. Therefore, the recommendation is to Hold, monitoring for potential corrections or stronger bullish signals before considering new positions.