Pi Network (PI) is currently priced at $0.203489, experiencing a slight decline of 0.51% over the last 24 hours. The daily trading range has been relatively tight, with a high of $0.204712 and a low of $0.203181, indicating limited volatility.

Trading volume stands at 8,626,260, equating to a volume-to-market cap ratio of 0.51%, suggesting moderate trading activity relative to its market capitalization. The price is below key hourly moving averages, with the 8 SMA at $0.2037 indicating a minor bearish trend, while longer-term SMAs reflect increasing negative momentum.

The 1-hour RSI is at 43, approaching oversold territory, while the 7-day RSI is at 48, showing a neutral stance overall. Price changes over the past 7, 14, and 30 days have all been negative, with declines of 2.52%, 4.18%, and 1.76% respectively, indicating a general downtrend.

The all-time high of $2.99 was recorded on February 26, 2025, which shows a significant gap from the current price, indicating that the asset is trading well below its potential. This prolonged downtrend coupled with the current market conditions suggests that caution is warranted.

Given the technical indicators and the overall negative sentiment reflected in the price trends, a Sell rating is recommended. The recent price action and weak RSI levels suggest further potential declines before a stabilization or reversal could occur.