Pi Network (PI) is currently trading at $0.20273, reflecting a slight 24-hour change of -0.05527%. The price has remained within a daily range of $0.2012 to $0.202925, indicating limited volatility during this period.

The trading volume stands at 8,257,522, corresponding to a market cap volume ratio of 0.49%. This suggests moderate trading activity relative to its market capitalization, which can impact liquidity and price stability.

The short-term moving averages show a mixed trend, with the 8 SMA at $0.2023 (+0.20%) and 13 SMA at $0.2022 (+0.27%) indicating slight upward momentum. However, the 55 SMA at $0.2037 (-0.49%) and 144 SMA at $0.2045 (-0.88%) signal potential resistance levels that may hinder upward movement in the near term.

The 1-hour RSI is at 52, indicating a neutral market condition, while the 7-day RSI of 47 suggests a mild bearish trend. The recent 7-day price change of +0.26% shows slight recovery, but the 30-day change of -17.31% indicates significant weakness over a longer timeframe.

Historically, PI reached an all-time high of $2.99 in February 2025, suggesting substantial room for growth if the market conditions improve. However, current price action reflects strong resistance, and it remains far from its all-time high, which could deter new investors.

Considering the current technical indicators, market sentiment, and price movements, the recommendation is to Hold. While the market shows potential for recovery, the existing resistance levels and bearish trends over the past month warrant caution before making new investments.