The Pi Network (PI) is currently priced at $0.208414, reflecting a minor increase of 0.3598% over the last 24 hours. The trading range has been relatively narrow, with a daily high of $0.210558 and a low of $0.205809, indicating limited volatility in the market.

Trading volume stands at approximately 12.94 million, equating to a volume-to-market cap ratio of 0.74%. This suggests that trading activity is not exceptionally high relative to the market capitalization, which may indicate a lack of strong buyer interest at current price levels.

Moving averages show mixed signals; the 8 SMA is at $0.2084 with a slight upward trend of +0.03%, while the longer 144 SMA is significantly lower at $0.2168, down by 3.85%. The 13 SMA and 21 SMA are also indicating downward momentum, suggesting bearish pressure in the short to mid-term.

The 1-hour RSI is at 47, indicating a neutral market sentiment, while the 7-day RSI of 43 suggests the asset is nearing oversold conditions. However, the recent price changes over 7, 14, and 30 days show declines of -6.78%, -17.37%, and -7.87% respectively, confirming a bearish trend.

Given the current price action, volume trends, and technical indicators, the overall sentiment appears bearish with a lack of significant buying pressure. Therefore, the recommendation for Pi Network (PI) is to Hold, as it may be prudent to wait for a more favorable entry point or confirmation of bullish momentum before considering a buy.