Pi Network (PI) is currently priced at $0.162052, showing a modest 24-hour change of 0.31599%. The daily range is relatively tight, with a high of $0.165612 and a low of $0.158071, indicating low volatility in the short term.

Trading volume stands at 16,397,508, reflecting a Vol/Market Cap ratio of 1.10%, which suggests that market activity is somewhat subdued. The hourly moving averages show mixed signals; the 8 SMA at $0.1620 has increased by 0.05%, while the 13 SMA at $0.1624 has decreased by 0.20%, indicating potential short-term indecision.

The 1-hour RSI is currently at 58, suggesting the asset is approaching overbought territory, while the 7-day RSI of 41 indicates it may be undervalued on a longer-term scale. Recent price changes reveal a 7-day decline of 8.86% and a 30-day drop of 9.02%, showing a bearish trend in the mid-term.

However, the 14-day price change has shown a positive trend at 17.03%, indicating a potential recovery phase. Notably, the all-time high of $2.99 underscores significant upside potential, although current prices remain substantially lower.

Considering the current market indicators and price movements, the overall sentiment appears mixed. Given the recent volatility and the RSI metrics, a cautious approach is warranted.

Recommendation: Hold. The mixed signals from moving averages and RSI suggest that while there may be potential for a bounce back, the current price trends do not indicate immediate bullish momentum. Holding allows for observation of upcoming market developments without taking on unnecessary risk.