Pi Network (PI) is currently trading at $0.223374, reflecting a slight decline of 1.39% over the past 24 hours. The price has oscillated between a high of $0.226608 and a low of $0.217634 within the same period, indicating a narrow daily range of approximately 0.008974%.

Trading volume stands at 15,835,822, representing 0.85% of the market cap, which is relatively low and suggests limited market activity. The short-term moving averages indicate mixed trends, with the 8 SMA and 13 SMA showing slight upward movements, while longer-term averages like the 144 SMA indicate a more substantial downward trend of -2.49%.

The 1-hour RSI is currently at 46, suggesting a neutral momentum, while the 7-day RSI is slightly lower at 47, indicating a potential bearish sentiment in the short to medium term. Over the past week, PI has experienced an 8.71% decline, reflecting a consistent downward trajectory with losses of approximately 7.85% over the past 14 days and 3.09% over the last 30 days.

Historically, PI reached its all-time high of $2.99 in February 2025, which highlights the significant gap from its current price. The persistent downtrend and lack of strong bullish indicators suggest a cautious outlook for traders considering entry points.

In conclusion, given the current technical indicators, including RSI levels and moving average trends, along with the overall market sentiment, I recommend a Hold rating on Pi Network (PI). This recommendation is based on the absence of strong bullish momentum and ongoing price declines, suggesting that investors should wait for clearer signs of recovery before making further commitments.