The current price of Pi Network (PI) stands at $0.205341, reflecting a modest 24-hour change of 1.5022%. The daily trading range has been tight, with a high of $0.206521 and a low of $0.196426, indicating low volatility in the short term.

Trading volume is reported at approximately 21.58 million, with a volume-to-market cap ratio of 1.26%, which suggests a relatively low trading activity in relation to its market capitalization. The short-term moving averages indicate a bullish trend, with the 8 SMA at $0.2042 showing a gain of 0.53% and the 21 SMA at $0.2027 indicating a rise of 1.29%, supporting upward momentum.

The 1-hour RSI is at 67, suggesting that PI is nearing overbought territory, which could lead to a price correction if buying pressure decreases. In contrast, the 7-day RSI sits at 50, indicating a neutral position and potential for stability or minor fluctuations in the near term.

Despite recent declines, with a 7-day price change of -1.03% and a 14-day decline of approximately 12%, the price remains significantly below its all-time high of $2.99. The current price level also reflects a 30-day decline of nearly 9%, suggesting ongoing bearish sentiment over a longer timeframe.

Given the mixed signals from the technical indicators, including the overbought condition in the short term and significant declines over the longer term, a cautious approach is warranted. Therefore, the recommendation is to Hold, as potential for short-term gains exists, but the overall trend suggests underlying weakness that could lead to further declines if selling pressure increases.