Pi Network (PI) is currently trading at $0.196996, reflecting a 24-hour decline of approximately 3.99%. The daily price range has been relatively narrow, with a high of $0.205262 and a low of $0.192352, indicating a lack of volatility and investor enthusiasm in the short term.

Volume stands at 22,134,543, translating to a volume-to-market cap ratio of 1.34%, suggesting limited trading activity relative to its market capitalization. The hourly moving averages reflect a bearish trend, with the 8 SMA slightly above the current price while the 21 SMA and 55 SMA show notable declines of -1.47% and -3.07%, respectively, reinforcing selling pressure.

The 1-hour Relative Strength Index (RSI) is currently at 42, suggesting the asset is nearing oversold territory, but the trend remains bearish. Similarly, the 7-day RSI is also at 42, aligning with a 7-day price change of -9.27%, indicating persistent downward momentum over the past week.

Fundamentally, Pi Network has seen a significant depreciation from its all-time high of $2.99 reached in February 2025, which raises concerns about its long-term viability. The 14-day and 30-day price changes of -14.80% and -13.75%, respectively, further underline the asset's inability to maintain upward momentum in recent weeks.

Given the current bearish trend supported by technical indicators and declining price action, along with low trading volume, the outlook for Pi Network (PI) remains negative. Therefore, I would rate Pi Network as a Sell, as the risk of further declines outweighs any potential for recovery in the near term.