The current price of Pi Network (PI) is $0.227418, reflecting a 24-hour change of 1.21%. The daily trading range has been relatively narrow, with a high of $0.229054 and a low of $0.222707, indicating minor volatility in the current market environment.

The volume of $22,539,916 suggests moderate interest, with a volume-to-market cap ratio of 1.19%. This level of trading activity could indicate accumulation or distribution, but given the relatively low volume, caution is advised regarding potential liquidity issues.

Technical indicators show a positive short-term outlook, with the 55-hour simple moving average (SMA) trending upward at $0.2256, suggesting bullish momentum. The 1-hour RSI at 64 indicates that the asset is approaching overbought territory, which could lead to a pullback if buying pressure diminishes.

The 7-day RSI at 50 reflects a neutral trend over the past week, while the 14-day price change of 6.30% and a 30-day price change of 11.10% indicate a recovery from previous declines. Despite these positive signals, the overall market sentiment remains cautious as the price is significantly lower than its all-time high of $2.99 achieved in February 2025.

Given the current technical setup and moderate bullish indicators, a Buy rating is recommended for Pi Network (PI). The potential for further price appreciation exists, but traders should remain vigilant for signs of overextension and consider setting stop-loss orders to mitigate risks.