The current price of Pi Network (PI) stands at $0.202572, reflecting a modest 24-hour change of 0.1328%. The price has exhibited a daily range between $0.201934 and $0.208632, indicating limited volatility within the session.

Volume for the past 24 hours is approximately 21,236,418, representing a trading volume to market cap ratio of 1.26%. This low volume compared to market cap suggests a lack of strong buying or selling pressure, which may limit significant price movements in the short term.

Analyzing the moving averages, the 8 SMA, 13 SMA, and 21 SMA are showing negative trends, with declines of 0.30%, 0.80%, and 0.73% respectively. The 55 SMA and 144 SMA are also in a downward trajectory, reflecting a consistent bearish sentiment over different timeframes.

The Relative Strength Index (RSI) indicates a very low reading of 25 on the hourly chart, suggesting an oversold condition in the short term. Conversely, the 7-day RSI at 47 indicates a neutral position, which does not signify immediate bullish or bearish momentum.

The price performance over the past 7, 14, and 30 days shows declines of approximately 6.44%, 15.76%, and 31.13%, respectively, indicating a prolonged bearish trend. Given that the all-time high was $2.99 in February 2025, the current price is significantly undervalued, but past performance and the current technical indicators suggest caution.

Considering the overall data, the persistent downtrends in moving averages, low RSI, and negative price changes over multiple timeframes indicate a lack of upward momentum. Therefore, the recommendation for Pi Network (PI) is to Hold, as the asset may require further consolidation before any potential upward movement can be expected.