Pi Network (PI) is currently trading at $0.204973, showing a slight decline of 0.08067% over the past 24 hours. The daily price range has been tight, with a high of $0.20687 and a low of $0.200926, indicating limited volatility.

Trading volume stands at 14,327,633, representing a volume-to-market cap ratio of 0.84%. This relatively low trading volume suggests a lack of significant buying or selling pressure, which could indicate that traders are waiting for clearer directional signals.

The moving averages present a mixed picture; the 8 SMA is slightly negative at -0.32%, while the 13 SMA shows a marginal positive change of +0.02%. However, longer-term moving averages like the 144 SMA are down by 2.19%, which suggests a bearish trend in the medium term.

The 1-hour RSI is at 65, indicating that PI is approaching overbought territory, while the 7-day RSI at 43 suggests it is currently undervalued. The 7-day, 14-day, and 30-day price changes are all negative, with declines of 6.03%, 8.39%, and 6.28% respectively, highlighting a bearish sentiment over recent periods.

Given the substantial distance from its all-time high of $2.99, the current price level may attract investors looking for long-term gains, yet the immediate technical indicators are mixed. The bearish trend indicated by the longer-term moving averages and negative price changes suggests caution.

In conclusion, the current market conditions for Pi Network suggest a Hold rating. While the current price is relatively stable, the lack of momentum and negative longer-term trends indicate that a more advantageous entry point may be forthcoming.