Pi Network (PI) is currently trading at $0.225377, reflecting a slight decline of 0.64409% over the past 24 hours. The price has fluctuated between a high of $0.227865 and a low of $0.220491 during the same period, indicating a narrow daily range of 0.007374%.

Trading volume stands at approximately 30.89 million, with a volume-to-market cap ratio of 1.65%, suggesting relatively low liquidity. The hourly moving averages present a mixed picture, with the 8 SMA and 13 SMA showing minor upward trends, while the 55 SMA is slightly down, indicating indecision among short-term traders.

The 1-hour RSI of 58 suggests the asset is nearing overbought conditions, while the 7-day RSI at 51 indicates a neutral trend over a longer period. However, the 7-day and 14-day price changes are negative, with declines of approximately 2.25% and 0.85%, respectively, indicating a short-term bearish sentiment.

In contrast, the 30-day price change is positive at 9.78%, suggesting that Pi Network has maintained upward momentum over the past month despite recent pullbacks. The all-time high of $2.99, reached on February 26, 2025, presents significant upside potential, although current price levels are still substantially below this peak.

Considering the current technical indicators and market conditions, the outlook for Pi Network is cautiously optimistic. The recent declines in short-term price changes and mixed moving averages signal potential consolidation or further downside risk.

Given these factors, a Hold rating is appropriate for Pi Network at this time. This recommendation is based on the asset's recent performance, current market sentiment, and potential for recovery in the medium to long term.