Pi Network (PI) is currently trading at $0.209849, reflecting a 24-hour price change of 2.81%. The daily range is tight, with a high of $0.210072 and a low of $0.204078, indicating a stable trading environment in the short term.

The trading volume stands at approximately 10.99 million, with a volume-to-market cap ratio of 0.63%. This relatively low trading volume suggests limited market interest, but the price action shows a positive trend, evidenced by consistent gains across hourly moving averages, with the 55 SMA at $0.2041 showing an increase of 2.81%.

Short-term momentum indicators indicate strong bullish sentiment, with the 1-hour RSI at 89, suggesting overbought conditions. However, the 7-day RSI at 56 indicates that the asset is neither overbought nor oversold in a broader context, while the 14-day price change shows a slight decline of 0.88%, reflecting some volatility in the medium term.

Longer-term trends indicate a significant decline over the past 30 days, with a price change of -9.77%. This downturn, coupled with the all-time high of $2.99 recorded on February 26, 2025, indicates potential resistance levels that could hinder further price appreciation in the future.

Given the current technical indicators and the overall market context, the recommendation for Pi Network (PI) is to Hold. While there are positive short-term signals, the long-term downtrend and high RSI indicate caution, suggesting that investors may want to wait for a clearer upward trend before considering a buy position.