The current price of Pi Network (PI) stands at $0.208793, reflecting a slight increase of 0.84539% over the past 24 hours. The daily trading range is narrow, with a high of $0.215182 and a low of $0.206452, indicating low volatility in the current market environment.

Trading volume is reported at 18,531,050, with a volume-to-market cap ratio of 1.06%, suggesting limited liquidity. The short-term moving averages (8 SMA and 13 SMA) are both showing slight bullish trends, while the longer-term averages (21 SMA and 55 SMA) reflect a mixed sentiment, with the 55 SMA indicating a stronger bullish trend at +1.02%.

The RSI metrics provide additional insights, with a 1-hour RSI of 30 indicating that the asset is nearing oversold conditions. In contrast, the 7-day RSI at 54 suggests neutral momentum, while the 30-day price change of -9.96% indicates that the asset has struggled recently.

In terms of price history, PI has experienced a substantial decline from its all-time high of $2.99, set in February 2025. The 14-day and 30-day price changes suggest a consolidation phase, with recent gains from the 7-day price change of 1.83% offering some hope for short-term recovery.

Given the current technical indicators, the market appears to be in a transitional phase with mixed signals from moving averages and RSI metrics. The proximity of the 1-hour RSI to oversold levels could lead to a short-term bounce, but the longer-term decline still poses a risk.

Based on this analysis, the recommendation for Pi Network (PI) is a Hold. This stance is supported by the potential for short-term recovery but tempered by the ongoing longer-term downtrend and recent negative performance. Investors should monitor the asset closely for signs of a trend reversal before considering a Buy.