Pi Network (PI) is currently trading at $0.258275, showing an impressive 8.07% increase over the past 24 hours. The daily trading range has been relatively tight, with a high of $0.258282 and a low of $0.238503, reflecting a volatility of 0.019779%.

The volume of 44,278,508 indicates a moderate level of trading activity, resulting in a volume-to-market cap ratio of 2.06%. This suggests a solid interest in PI, though it is still below the thresholds that typically signal stronger market engagement.

Technical indicators reveal a bullish trend in the short term, with the 8-hour simple moving average (SMA) showing a gain of 2.68% and the 13-hour SMA at +3.04%. Additionally, the 1-hour RSI is at 74, indicating a potential overbought condition, while the 7-day RSI at 53 suggests a more balanced outlook over a longer time frame.

From a price action perspective, PI has shown significant gains over various periods, with 7-day and 14-day price changes at 11.55% and 16.04%, respectively. However, the 30-day price change of 6.02% indicates some consolidation, suggesting that recent surges may not be sustainable without further upward momentum.

The all-time high of $2.99, recorded in February 2025, presents a considerable distance from the current price, reflecting a long-term growth potential. However, the current valuation suggests the market has yet to establish a solid support level above $0.25, which will be critical for maintaining upward momentum.

Given the current technical setup and the relatively high RSI, a cautious approach is advisable. The presence of short-term bullish trends needs to be balanced against potential corrections, leading to a recommendation of Hold for Pi Network (PI) at this time, as the market may experience volatility in the near term.