Pi Network (PI) is currently priced at $0.208659, showing a minimal 24-hour change of 0.11206%. The daily trading range remains tight, fluctuating between a high of $0.209476 and a low of $0.208035, indicating limited volatility in the short term.

Trading volume stands at 7,651,679, with a volume-to-market cap ratio of 0.44%, suggesting relatively low liquidity. The moving averages indicate a bearish trend with the 8 SMA at $0.2089 down by 0.14% and the 144 SMA at $0.2098 down by 0.53%, reflecting a slight downward pressure on the price.

The 1-hour RSI is at 56, indicating a neutral stance, while the 7-day RSI at 46 suggests a slight oversold condition. The price changes over the last week, 14 days, and 30 days show mixed results, with the 7-day showing a decline of approximately 3%, contrasting with a 14-day gain of nearly 1.85%.

Given the historical context, Pi Network's all-time high of $2.99 remains significantly above the current price, indicating potential for growth but also highlighting the distance needed to regain previous highs. However, the current market dynamics suggest that the asset is in a corrective phase, and further consolidation might be necessary.

In conclusion, the current technical indicators and price action suggest a cautious approach. The weak short-term trends and lack of strong bullish signals lead to a Hold rating for Pi Network (PI), as the market may need time to stabilize before any upward momentum can be expected.