Pi Network (PI) is currently trading at $0.206537, reflecting a minor 24-hour change of -0.06085%. The price has oscillated between a high of $0.208778 and a low of $0.20592 over the past day, indicating limited volatility with a daily range of just 0.002858%.

Trading volume stands at approximately 9.48 million, resulting in a volume-to-market cap ratio of 0.55%. The hourly moving averages reveal a downward trend, with the 8 SMA at $0.2080 showing a decrease of -0.68%, and the 144 SMA indicating a more substantial decline of -3.78% at $0.2146, suggesting bearish sentiment persists across multiple time frames.

The Relative Strength Index (RSI) indicates a neutral position at 46 for the 1-hour period, while the 7-day RSI is at 44, approaching the oversold territory. Price changes over the past week, 14 days, and 30 days show declines of -9.08%, -14.58%, and -8.10%, respectively, signaling a consistent downtrend in recent performance.

Given the substantial gap from its all-time high of $2.99, achieved in February 2025, the current price reflects a significant depreciation, which may deter speculative interest. Overall, the technical indicators, combined with the bearish momentum and negative price changes, suggest limited upward potential in the near term.

Based on the analysis of current price action, moving averages, and momentum indicators, a Hold rating is recommended. Investors should closely monitor for any signs of reversal or increased volume that could indicate a potential buying opportunity in the future.