Pi Network (PI) is currently trading at $0.255508, reflecting a notable 5.64% increase over the last 24 hours. The daily price range has been relatively tight, fluctuating between a low of $0.241376 and a high of $0.258282, indicating a stable trading environment.

The volume of 48,330,348 suggests a healthy level of market activity, although the volume-to-market cap ratio stands at 2.27%, which may indicate that trading is not excessively speculative at this stage. The hourly moving averages reveal a mixed sentiment, with the 8 SMA slightly below the current price, while the longer-term SMAs reflect a more bullish trend, particularly the 55 SMA which has gained 4.69%.

The Relative Strength Index (RSI) for the past hour is at 60, indicating bullish momentum, whereas the 7-day RSI at 54 suggests that the asset is approaching neutral territory. In terms of price performance, PI has seen a 7.07% increase over the last week and a more substantial 13.81% rise over the past 14 days, suggesting a solid upward trend in the near term.

Despite these positive indicators, it is important to contextualize the current price relative to the all-time high of $2.99 achieved in February 2025, indicating that significant upside potential remains. However, the ongoing price action shows that PI is currently far from its historical peak, which may influence investor sentiment.

In summary, the overall technical indicators show a mixture of bullish momentum and potential stability. Given the recent upward trend and the healthy volume supporting it, I would rate Pi Network (PI) as a Buy, with the rationale that the asset demonstrates a favorable trajectory supported by both technical and fundamental data.