Pi Network (PI) is currently priced at $0.169983, with a 24-hour change of 3.21%. The price has oscillated between a high of $0.17215 and a low of $0.163588 in the last 24 hours, indicating a daily range of approximately 5.6%.

The trading volume over the past day stands at 18,560,382, contributing to a market cap volume ratio of 1.17%. Moving averages show a bearish trend in the short term, with the 8 and 13 SMA declining at -0.45% and -0.37% respectively, while longer-term SMAs like the 55 SMA and 144 SMA indicate positive momentum at +3.29% and +1.55%.

The 1-hour RSI is at 62, suggesting a slightly overbought condition, while the 7-day RSI sits at 48, indicating neutrality. The recent price changes show a decline of 9.34% over the last week, juxtaposed with a significant 27.65% rise over the past 14 days, reflecting volatility and potential for recovery.

Despite the recent dip, the current trading volume and the price fluctuations suggest accumulation may be occurring at this level. The all-time high of $2.99 indicates considerable room for growth if market conditions shift favorably, but current prices remain significantly below that benchmark.

Based on the analysis, the overall sentiment is cautiously optimistic given the recent upward momentum and potential for reversal. However, the bearish short-term moving averages and the current price positioning indicate a higher risk.

Rating: Hold. The recent positive price action and the potential for a rebound do not justify a Buy rating at this time, especially with a significant previous decline and overbought signals in the short term.