Pi Network (PI) is currently priced at $0.171403, reflecting a 5.95% increase over the past 24 hours. The price has seen a daily range from a low of $0.161782 to a high of $0.173537, indicating some volatility but a sustained upward trend within this period.

The trading volume stands at approximately 19,851,653, with a volume-to-market cap ratio of 1.35%, suggesting relatively low trading activity compared to its market capitalization. The hourly moving averages indicate short-term bullish momentum, with the 8 SMA showing a 2.75% increase and the 13 SMA a 3.00% increase, highlighting positive short-term sentiment.

However, the Relative Strength Index (RSI) indicates a strong overbought condition at 81 on the hourly chart, which may suggest a potential pullback. In contrast, the 7-day RSI at 46 indicates that the asset is neither overbought nor oversold, which suggests a potential for recovery in the near term.

On a longer timeframe, the 7-day price change is negative at -6.19%, while the 14-day and 30-day changes are also negative at -16.44% and -15.82%, respectively. These figures reveal a bearish trend over the past month, emphasizing the need for caution among investors.

Given the current price relative to historical performance, with the all-time high at $2.99, there remains significant upside potential. However, the recent negative price trends and the current overbought conditions point to the need for careful positioning in the market.

Overall, the analysis suggests a Hold rating for Pi Network (PI) at this time. While there are short-term gains, the longer-term trends and overbought signals indicate potential risks that could lead to profit-taking or a price pullback. Monitoring the price action and RSI levels closely will be crucial for any future trading decisions.