Pi Network (PI) is currently trading at $0.466654, reflecting a slight decline of 1.17% over the last 24 hours. The price has fluctuated between a high of $0.472689 and a low of $0.457828, indicating a daily range of approximately 3.23%.

The trading volume stands at 89,929,769, with a volume-to-market cap ratio of 2.51%, suggesting relatively low trading activity relative to the market capitalization. Short-term moving averages indicate mixed momentum: the 8 SMA shows a positive trend of 1.07%, while the 55 SMA indicates a decline of 3.46%.

The 1-hour RSI is at 42, suggesting a near-neutral position, while the 7-day RSI of 50 indicates that the price is not overbought or oversold. However, the 14-day price change of -12.07% and the 30-day decline of -17.11% reflect a bearish trend over the medium term.

Despite the recent price decrease, the 7-day price change of 3.36% provides some signs of recovery. Nevertheless, the current price is significantly below the all-time high of $2.99, which points to considerable downside potential if market conditions do not improve.

In conclusion, given the mixed signals from moving averages and RSI readings, along with the broader bearish trend over the past month, the rating for Pi Network (PI) is a Hold. This decision is based on the potential for short-term recovery, but caution is warranted due to the prevailing negative momentum.