Pi Network (PI) is currently priced at $0.203686, reflecting a minor 24-hour decrease of -0.22181%. The asset's daily trading range has been limited, with a high of $0.204193 and a low of $0.202791, indicating a tight market environment.

The trading volume stands at 6,652,749, contributing to a market cap volume ratio of 0.39%. This relatively low volume suggests a lack of significant buying interest at the current price level, which could impact price stability moving forward.

Technical indicators show mixed signals; the 1-hour RSI is at 58, indicating bullish momentum, while the 7-day RSI sits at 48, suggesting a neutral trend. Short-term moving averages are clustered around the current price, with the 8 SMA at $0.2037 showing little change, while longer-term moving averages are slightly bearish, particularly the 144 SMA at $0.2040.

In terms of price performance, PI has experienced a notable decline over the past 30 days, down approximately 12.13%. The asset is also significantly below its all-time high of $2.99, which was reached on February 26, 2025, indicating a long-term bearish sentiment.

Considering the current price action, mixed technical indicators, and a bearish longer-term trend, the recommendation is to Hold. While short-term indicators may suggest potential upside, the overall downward price trajectory and low trading volume indicate caution is warranted.