The current price of Pi Network (PI) is $0.237746, showing a slight decrease of 0.88% over the past 24 hours. The daily price range has been relatively tight, with a high of $0.240758 and a low of $0.233358, indicating low volatility in the short term.

Trading volume stands at 25,209,272, reflecting a moderate level of market activity, and the volume-to-market cap ratio is 1.27%. This suggests that while trading activity is present, it may not be sufficient to significantly impact price movements in the near term.

Analyzing the moving averages, the 8, 13, and 21-hour SMAs are all slightly negative, with declines ranging from 0.11% to 0.22%. However, the longer-term 55 SMA and 144 SMA show more pronounced declines of 0.87% and 0.49%, respectively, indicating bearish pressure over those periods.

The 1-hour Relative Strength Index (RSI) is at 59, suggesting that the asset is nearing overbought territory, while the 7-day RSI at 52 indicates a neutral stance. This divergence could signal potential weakness if the momentum fails to sustain above the current price levels.

Over the past week, PI has gained approximately 5.22%, and over the past 30 days, the price has increased by about 14.58%. Such positive momentum over the longer timeframe could attract more buyers, although the recent daily decline poses a risk to immediate upward momentum.

The all-time high for PI is $2.99, achieved on February 26, 2025, which presents significant upside potential relative to the current price. However, achieving such heights would require substantial market interest and positive developments within the Pi Network ecosystem.

Given the current technical indicators, moderate trading volume, and mixed RSI signals, a cautious approach is warranted. Therefore, the rating for Pi Network (PI) is Hold, as the asset shows potential for growth in the longer term but faces short-term bearish pressure that may hinder immediate gains.