Pi Network (PI) is currently trading at $0.226267, reflecting a modest 24-hour change of 0.24866%. The daily trading range has been tight, with a high of $0.229054 and a low of $0.224856, indicating low volatility in the short term.

The trading volume stands at 19,205,642, contributing to a volume-to-market cap ratio of 1.02%, suggesting limited investor interest relative to market capitalization. Short-term moving averages are showing mixed signals, with the 8 SMA and 13 SMA indicating a slight downtrend, while the 55 SMA shows a positive shift, hinting at potential support around the $0.2260 level.

The 1-hour RSI is at 45, indicating a neutral stance, while the 7-day RSI at 50 reflects a balance between buying and selling pressure. Over the past week, the price has decreased by approximately 0.46%, but there are more optimistic trends with a 14-day price change of 5.26% and a 30-day increase of 9.17%, suggesting some recovery momentum.

Despite the recent price stagnation, the fact that the price is still significantly below its all-time high of $2.99 shows a vast potential upside for investors. However, the lack of strong buying momentum in the short term and the mixed indicators warrant caution in the current market environment.

Given the technical indicators and recent price performance, a Hold rating is recommended for Pi Network (PI). Investors should monitor for any bullish signals in the moving averages or a breakout above the $0.229 mark for potential buying opportunities.