Pi Network (PI) is currently trading at $0.204699, reflecting a slight decrease of 0.79% over the past 24 hours. The price has shown a daily range between $0.200926 and $0.20687, indicating relatively low volatility with a daily range of 0.005944%.

The volume for the past 24 hours stands at 14,012,201, which corresponds to a volume-to-market cap ratio of 0.82%, suggesting modest trading activity relative to its market capitalization. The moving averages indicate mixed short-term trends, with the 8-period SMA at $0.2046 showing a slight upward movement of 0.04%, while the longer-term 144-period SMA at $0.2100 indicates a decline of 2.53%.

The 1-hour RSI is at 51, suggesting that the asset is neutral, while the 7-day RSI at 44 indicates a slightly bearish momentum. Additionally, the price has decreased significantly over the past week by approximately 7.96%, and the 14-day and 30-day price changes further reflect a downward trend of 11.79% and 6.83%, respectively.

The all-time high for PI stands at $2.99, reached on February 26, 2025, which highlights the potential for recovery if market conditions improve. However, given the current bearish indicators and the recent price declines, it is essential to monitor market sentiment closely.

Considering the technical indicators and the overall bearish trend in the short to medium term, the current data suggests a cautious approach. Therefore, the recommendation for Pi Network (PI) is to Hold, as there may be potential for recovery if support levels hold, but the downward momentum warrants close observation before making any aggressive moves.