The current price of Pi Network (PI) stands at $0.210347, reflecting a 24-hour change of 1.34619%. The daily trading range has been relatively tight, with a high of $0.21062 and a low of $0.207081, indicating limited volatility in the short term.

Trading volume has reached approximately 9,984,916, contributing to a market cap volume ratio of 0.57%. The hourly moving averages suggest a positive trend, with the 8 SMA at $0.2096 showing a gain of 0.35%, while the longer-term 144 SMA at $0.2050 has increased by 2.61%, indicating underlying bullish momentum.

The 1-hour RSI of 61 suggests that the asset is nearing overbought territory, while the 7-day RSI of 56 indicates a more neutral sentiment. Recent price changes over the 7-day and 14-day periods are positive at 2.35% and 1.38%, respectively, but the 30-day price change of -8.08% reveals a potential longer-term weakness that should not be overlooked.

Despite a significant all-time high of $2.99, which was achieved on February 26, 2025, current price levels represent a substantial decline from this peak. The upward momentum in the shorter time frames contrasts with the longer-term downtrend, emphasizing the need for careful consideration.

Given the current technical indicators and the mixed sentiment reflected in the RSI metrics, Pi Network appears to be in a cautious upward phase. However, the bearish 30-day price trend and the proximity to overbought conditions suggest that the market may face resistance at higher levels.

In conclusion, I recommend a Hold rating for Pi Network (PI) at this time. While short-term trends show potential for gains, the longer-term bearish sentiment and current overbought indicators warrant a wait-and-see approach before making new positions.