Pi Network (PI) is currently trading at $0.141753, reflecting a 24-hour decrease of 2.13%. The daily price movement indicates a tight range between a low of $0.140051 and a high of $0.145851, highlighting limited volatility in the short term.

The volume of $11,935,378 signifies a relatively low engagement level, as indicated by the volume-to-market cap ratio of 0.94%. This suggests that while some trading activity is present, it may not be sufficient to drive significant price movements, which could lead to further consolidation.

Technical indicators show that the short-term moving averages are in a downward trend, with the 8 SMA at $0.1427 down 0.64% and the 13 SMA at $0.1421 down 0.25%. In contrast, the longer-term 144 SMA at $0.1487 is down 4.68%, indicating a bearish sentiment prevailing across different time frames.

The 1-hour RSI of 46 indicates neutral momentum, while the 7-day RSI of 42 suggests the asset is approaching oversold conditions. However, the 7-day and 14-day price changes of -11.61% and -17.25% respectively, indicate a significant downtrend that may deter potential buyers in the near term.

With a 30-day price change of -31.96%, the overall sentiment towards PI remains negative, and the substantial gap from its all-time high of $2.99 is stark. Investors may be cautious as the price struggles to maintain support levels, given the recent performance.

In conclusion, the current technical and fundamental indicators suggest a bearish outlook for Pi Network (PI) in the short to medium term. Therefore, the recommendation is to Hold, as potential investors should wait for clearer signs of reversal or stabilization before considering new positions.