The current price of Pi Network (PI) stands at $0.169879, reflecting a modest 24-hour change of 1.83%. The price has experienced a daily range of $0.006532, with a high of $0.173361 and a low of $0.166829, indicating low volatility over the past day.

Trading volume is reported at 15,029,979, which translates to a volume-to-market cap ratio of 0.94%. This suggests a relatively healthy trading environment, although the volume indicates that the market might be lacking significant bullish momentum given the low percentage of market cap engagement.

The hourly moving averages show mixed signals; the 8 SMA is at $0.1697 with a slight gain of 0.12%, while the 13 SMA is at $0.1702, indicating a minor decline of 0.19%. The longer-term SMAs are more favorable, with the 55 SMA at $0.1693 showing a 0.37% gain and the 144 SMA at $0.1656 reflecting a notable increase of 2.59%, suggesting a potential upward trend in the longer term.

The 1-hour RSI is currently at 53, indicating a neutral stance, while the 7-day RSI at 49 suggests a slight bearish sentiment but is not yet at oversold levels. Conversely, the 14-day price change is positive at 9.95%, indicating stronger momentum over a longer timeframe, which may support future price increases.

Despite the recent 7-day price decline of approximately 3.82%, the longer-term outlook remains more optimistic with a stable price trend observed over the past 30 days. The all-time high of $2.99 remains a significant target, suggesting substantial upside potential, albeit from the current low price level.

Given the data, the overall market sentiment for Pi Network is cautiously optimistic with potential for growth, especially in light of longer-term moving averages and positive price changes over the 14-day period. Therefore, the recommendation is a Buy, as current indicators suggest that PI may soon break out of its recent price consolidation phase.