Pi Network (PI) is currently trading at $0.207365, reflecting a slight decline of 0.43% over the last 24 hours. The price has shown volatility within a daily range of $0.002858, hitting a high of $0.208778 and a low of $0.20592, indicating a lack of strong upward momentum.

Trading volume stands at approximately 8.96 million, with a volume-to-market cap ratio of 0.52%, suggesting moderate trading activity relative to its market capitalization. The short-term moving averages (8 SMA and 13 SMA) show slight positive trends, while longer-term averages (21 SMA and 55 SMA) indicate weakness, particularly the 144 SMA which has declined by 3.11%.

The 1-hour RSI is at 37, indicating oversold conditions, while the 7-day RSI is at 43, suggesting bearish momentum in the short term. Price changes over 7, 14, and 30 days reflect significant downtrends, with losses of 8.41%, 14.53%, and 4.20% respectively, highlighting ongoing selling pressure.

Despite the recent decline from an all-time high of $2.99 in February 2025, the current price levels indicate a potential accumulation zone if bullish signals emerge. However, the prevailing trend remains bearish with significant resistance at the 144 SMA level around $0.2140, which has not been successfully tested in recent trading sessions.

Given the current technical indicators and fundamental analysis, the outlook for Pi Network suggests a cautious approach. With a prevailing bearish trend and resistance levels yet to be overcome, I recommend a Hold rating until clearer bullish signals or a breakout above the moving averages occur.