Pi Network (PI) is currently priced at $0.171626, reflecting a 24-hour decline of 4.00%. The daily trading range has been relatively tight, with a high of $0.184872 and a low of $0.167808, indicating a consolidation phase amid lower volatility.

Volume has reached approximately $32.4 million, resulting in a volume-to-market cap ratio of 2.10%, which suggests modest trading activity compared to market capitalization. The hourly moving averages show mixed signals: while the 8 and 13 SMA indicate slight upward trends, the 21 and 55 SMA are trending downwards, suggesting potential bearish pressure.

The RSI indicators provide additional insights into market sentiment. The 1-hour RSI at 50 signals a neutral stance, while the 7-day RSI at 56 indicates a slightly bullish trend, although the 30-day price change of -16.05% raises concerns about underlying weakness.

Pi Network's price performance over the past week shows a gain of approximately 20.87%, reflecting a potential recovery from previous lows, but the longer-term 30-day trend paints a contrasting picture of declining momentum. Additionally, the all-time high of $2.99, reached in February 2025, establishes significant resistance levels that the asset must contend with for bullish sentiment to strengthen.

Given the current market dynamics, with short-term moving averages showing potential bearishness and the longer-term trend indicating a decline, a cautious approach is advisable. Therefore, the rating for Pi Network (PI) is Hold, as it may be prudent to monitor for signs of a stronger reversal or breakout before making further investment decisions.