The Pi Network (PI) is currently priced at $0.224094, showing a 24-hour change of 2.23%. The price has fluctuated between $0.217814 and $0.230145 in the past day, indicating a daily range of approximately 5.6%, which reflects moderate volatility.

The trading volume over the last 24 hours is 31,525,311 PI, contributing to a volume-to-market cap ratio of 1.70%. This suggests a relatively low level of trading activity compared to the market capitalization, potentially indicating a lack of strong market interest or participation at the current price level.

From a technical perspective, the short-term moving averages exhibit mixed signals: the 8 SMA shows a decline of 0.78%, while the 13 SMA has increased by 0.30%. However, the longer-term 21 SMA and 55 SMA are both positive, suggesting a potential upward trend in the medium term.

The 1-hour Relative Strength Index (RSI) is at 65, indicating that the asset is approaching overbought territory, while the 7-day RSI is neutral at 49. The 14-day price change reflects a more significant downturn of -10.32%, suggesting recent weakness, although the 30-day price change of +10.71% indicates a longer-term positive trend.

Considering the all-time high of $2.99 reached in February 2025, the current price reflects a significant depreciation. However, the recent upward movement in the 24-hour period may signal a short-term recovery, especially if buying pressure can sustain momentum above the current resistance around $0.230.

In conclusion, despite some positive technical indicators, the overall trend remains uncertain due to the recent price declines. Therefore, the recommendation for Pi Network (PI) is to Hold, as potential short-term gains may be offset by a more significant long-term downtrend.