Pi Network (PI) is currently trading at $0.230313, reflecting a 24-hour change of 0.90207%. The price has oscillated between a high of $0.23409 and a low of $0.221591 within the same period, indicating a daily range of approximately 5.6%.

The trading volume stands at 24,920,681, which translates to a volume-to-market cap ratio of 1.30%. This relatively low ratio suggests limited market activity compared to its overall capitalization, potentially indicating a lack of strong buying or selling pressure.

Analyzing the moving averages reveals mixed signals: the 8-period SMA is at $0.2316, showing a slight decline of 0.56%, while the 13-period SMA indicates a minor increase of 0.30% at $0.2296. Conversely, the longer-term moving averages, particularly the 55 SMA at $0.2362 and the 144 SMA at $0.2477, are trending downward, suggesting bearish sentiment over more extended periods.

The 1-hour RSI is at 66, indicating that the asset is nearing overbought conditions, while the 7-day RSI at 46 reflects a neutral stance, suggesting that PI may not be under severe selling pressure. However, the 7-day price change shows a decline of approximately 2.46%, and the 30-day price change indicates a more significant drop of nearly 7.80%, highlighting a bearish trend in the medium term.

The all-time high for PI remains significantly distant at $2.99, reached in February 2025, indicating substantial room for growth but also a considerable psychological barrier. This context, combined with the current price action and technical indicators, suggests that the market is experiencing consolidation after a recent decline.

In conclusion, given the mixed signals from the moving averages and RSI indicators, along with recent price trends, a Hold rating is recommended for Pi Network (PI). Investors should monitor for potential upward momentum before considering new positions, as current conditions do not present a compelling case for immediate buying or selling.