The current price of Pi Network (PI) is $0.221688, reflecting a significant 24-hour decline of 10.09%. The price has fluctuated between a high of $0.247683 and a low of $0.221591 during this period, indicating increased volatility and negative market sentiment.

Trading volume stands at 35,137,757, which represents a relatively low volume-to-market cap ratio of 1.90%. This low volume suggests limited interest from investors, which may exacerbate price movements and increase the risk of further declines.

Technical indicators reveal a bearish trend, with all key moving averages (8, 13, 21, 55, and 144 SMA) showing negative percentages, ranging from -3.07% to -11.11%. The hourly Relative Strength Index (RSI) is at 20, indicating that the asset is oversold in the short term, while the 7-day RSI at 46 suggests a potential for recovery if buying interest returns.

From a fundamental perspective, the 7-day price change is down by 5.47%, the 14-day change is -2.68%, and the 30-day change shows a decline of nearly 9.82%. Such persistent negative momentum highlights the challenges faced by the asset in regaining upward traction.

Considering the current technical indicators and market conditions, the outlook for Pi Network remains negative. The recent price action, coupled with high volatility and low trading volume, suggests that further downside could be imminent.

Based on this analysis, the rating for Pi Network is a Sell. The combination of bearish technical indicators, oversold conditions, and sustained negative price momentum indicates that entering a position at this time carries considerable risk.