Pi Network (PI) is currently priced at $0.20895, reflecting a modest 24-hour change of 0.18236%. The daily trading range has been narrow, with a high of $0.20985 and a low of $0.207837, indicating limited volatility.

Trading volume stands at 10,114,016, equating to a volume-to-market cap ratio of 0.58%, which suggests a relatively low trading activity relative to its market capitalization. The short-term moving averages are aligned closely, with the 8 SMA, 13 SMA, and 21 SMA all around $0.2087 to $0.2088, while the 55 SMA shows a slight uptick and the 144 SMA indicates a downward trend.

The 1-hour RSI is at 47, indicating neutrality in momentum, while the 7-day RSI at 49 suggests a slight bearish sentiment in the medium term. Price changes over the past week and 14 days are positive at 0.48% and 2.08%, respectively, but the 30-day change shows a decline of 2.01%, highlighting recent struggles.

Given that the all-time high remains significantly above the current price at $2.99, there is potential for recovery, but market sentiment and trading activity are currently subdued. The narrow price range combined with the RSI levels indicates a potential consolidation phase.

Based on this analysis, a Hold rating is advised. The proximity of current prices to moving averages suggests a wait-and-see approach, allowing for clearer signals of a breakout or breakdown before committing to a buy or sell decision.