Pi Network (PI) is currently trading at $0.204559, reflecting a 24-hour change of -1.69422%. The price has oscillated between a high of $0.208211 and a low of $0.202481 over the past day, indicating a daily range of 0.00573%.

The trading volume stands at approximately 13.2 million PI, resulting in a volume-to-market cap ratio of 0.77%. This relatively low volume suggests a lack of significant buying interest, contributing to the downward price trend observed in the past day and week.

Examining the moving averages, the 8-period and 13-period SMAs are slightly positive, while the longer-term SMAs (21, 55, and 144) are in decline, indicating a bearish sentiment in the short to medium term. The 1-hour RSI is at 38, suggesting that the asset is nearing oversold territory, while the 7-day RSI at 45 indicates a lack of momentum for a sustained recovery.

From a fundamental perspective, Pi Network has not demonstrated significant price recovery since its all-time high of $2.99 in February 2025. The negative price changes over the past week (-2.17%) and 14 days (-0.07%) further underscore the lack of bullish catalysts to drive the price upward.

Given the current market conditions, the lack of buying pressure, and bearish moving averages, the outlook for Pi Network remains cautious. Therefore, the rating is a Sell, as the asset appears to be trapped in a downward trend with insufficient indicators for a near-term recovery.