Pi Network (PI) is currently trading at $0.637715, reflecting a slight decline of 0.08822% over the past 24 hours. The daily price range has been tight, with a high of $0.646954 and a low of $0.636551, indicating reduced volatility in the short term.

Trading volume stands at approximately 79.46 million, which corresponds to a volume-to-market cap ratio of 1.68%. This low ratio suggests that liquidity is relatively low, and trading activity is not robust enough to support significant price movements.

Technical indicators show that the short-term moving averages are slightly bearish, with the 8, 13, and 21 SMA all reflecting declines of around 0.54% to 0.64%. However, the longer-term moving averages, particularly the 55 SMA and 144 SMA, show a positive trend of 0.33% and 1.05%, respectively, indicating some support at these levels.

The 1-hour and 7-day Relative Strength Index (RSI) are both at 50, suggesting that the asset is neither overbought nor oversold. However, the 7-day and 14-day price changes of -2.56% and -13.46%, respectively, along with a drastic 30-day decline of -57.69%, indicate significant bearish momentum over the longer term.

Given that the all-time high of $2.99 was recorded in February 2025, the current price remains significantly below this peak. The persistent downtrend over the last month raises concerns about the asset's ability to regain previous highs in the near term.

Considering the current market conditions, technical indicators, and the asset's historical performance, the rating for Pi Network (PI) is Sell. The combination of bearish momentum, low trading volume, and the inability to break above short-term moving averages suggests further price decline is likely.