Pi Network (PI) is currently trading at $0.157471, experiencing a significant 24-hour price increase of 9.57%. The price fluctuation in this timeframe shows a range from a low of $0.142915 to a high of $0.160182, indicating increased volatility and positive momentum in the short term.

The daily trading volume stands at approximately $35.9 million, contributing to a volume-to-market cap ratio of 2.52%, suggesting a healthy level of market activity relative to its market capitalization. In terms of moving averages, the 8-period SMA is at $0.1526 with a 3.22% increase, while the 55-period SMA shows a more substantial growth of 11.11%, indicating bullish sentiment in the shorter-term trend.

The 1-hour RSI is at 61, which signals that the asset is approaching overbought territory, while the 7-day RSI at 54 indicates neutral conditions overall. However, the 7-day price change of 5.90% is positive, contrasting with the 14-day decline of 7.37% and a more significant 30-day decrease of 24.16%, highlighting a potential recovery phase.

Considering the current price is significantly lower than its all-time high of $2.99, there exists a substantial upside potential if the positive momentum continues. The recent price action, combined with short-term moving averages showing upward trends, reinforces a bullish outlook in the near term.

Overall, given the current data and technical indicators, I recommend a Buy rating for Pi Network (PI). The short-term momentum and recent price increases indicate potential for further gains, especially if the support levels hold and the upward trend in trading volume continues.