Pi Network (PI) is currently trading at $0.220576, experiencing a slight decline of 0.70053% over the last 24 hours. The daily trading range has been tight, with a high of $0.225217 and a low of $0.217634, indicating limited volatility in the short term.

Trading volume stands at 19,184,618, which represents a relatively low engagement level with a volume-to-market cap ratio of 1.04%. The hourly moving averages reflect a bearish trend, with the 8 SMA at $0.2229 showing a decline of 1.04%, signaling a potential lack of immediate upward momentum.

The Relative Strength Index (RSI) for the last hour is neutral at 50, while the 7-day RSI at 45 suggests the asset is approaching oversold conditions. Over the past week, the price has decreased by approximately 2.89%, and the longer-term 14-day change indicates a drop of 8.01%, reflecting ongoing downward pressure.

The current price is significantly lower than the all-time high of $2.99 reached in February 2025, which emphasizes the current underperformance of the asset. Given the technical indicators and the overall bearish sentiment, the price appears to be under pressure from both short-term and medium-term perspectives.

Considering the current market dynamics, Pi Network (PI) is showing signs of weakness with declining moving averages and negative price changes over multiple time frames. Therefore, the recommendation is to Hold, as the asset may stabilize or find support in the near term, but the lack of bullish indicators suggests caution before considering new positions.