Pi Network (PI) is currently priced at $0.194974, showing a substantial 29.32% increase over the last 24 hours. The price has oscillated between a low of $0.150011 and a high of $0.19586 during this period, indicating strong volatility and a significant upward momentum.

The trading volume stands at approximately 68 million, which corresponds to a volume-to-market cap ratio of 3.88%, suggesting active market participation. This level of volume supports the price increase and indicates a growing interest from investors, possibly fueled by recent news or developments related to the Pi Network.

Technical indicators show a bullish trend, with the hourly RSI at 82, signaling overbought conditions. However, the 7-day RSI at 63 indicates that while momentum is strong, it remains below the overbought threshold, allowing room for further growth.

The short-term moving averages are all trending upwards, with the 8 SMA at $0.1759 reflecting a 10.83% increase and the 55 SMA at $0.1521 showing a 28.15% rise. This alignment of moving averages further confirms a bullish trend, and the proximity of current prices to these averages suggests they may act as support levels.

Over the last week, the price has appreciated by nearly 35%, while the 14-day change is also positive at 21.32%. This consistent upward trajectory in the short to medium term indicates a strengthening bullish sentiment among traders.

Despite the recent positive performance, the price remains significantly below its all-time high of $2.99 set in February 2025, indicating substantial upside potential. This discrepancy suggests that there may be considerable room for growth as the market continues to mature and the Pi Network potentially expands its utility.

Given the current bullish momentum, active volume, and strong technical indicators, the analysis leads to a Buy rating for Pi Network (PI). The current price levels and technical support suggest that entering at this stage could yield significant returns as the market continues to rally.