Pi Network (PI) is currently trading at $0.204654, with a 24-hour change of 0.26461%. The daily price range has been tight, between $0.203708 and $0.205267, indicating low volatility in the short term.

Trading volume stands at 7,142,240, which contributes to a volume/market cap ratio of 0.42%. This relatively low volume suggests that liquidity may be constrained, potentially impacting price movements in either direction.

The hourly moving averages reveal mixed signals, with the 8 SMA, 13 SMA, and 21 SMA all indicating slight upward trends, while the 55 SMA shows a minor decline. The 144 SMA is relatively flat, suggesting a lack of strong momentum either way.

The 1-hour Relative Strength Index (RSI) is at 51, indicating a neutral market condition, while the 7-day RSI at 49 suggests a mild bearish sentiment. Recent price changes over 7, 14, and 30 days show declines of -2.58%, -0.67%, and -22.76%, respectively, reinforcing the bearish trend in the medium to long term.

The all-time high of $2.99, reached in February 2025, remains significantly above the current price, which reflects a considerable gap and possible undervaluation or market skepticism. Given the negative price changes and the mixed signals from moving averages, it appears that investor sentiment is currently cautious.

In conclusion, the lack of significant bullish indicators combined with a declining price trend suggests that it may be prudent to adopt a Hold position for Pi Network (PI). Monitoring for any signs of reversal or increased volume could provide better entry points for a future Buy rating.