Pi Network (PI) is currently trading at $0.253244, experiencing a slight decrease of -0.02674% over the past 24 hours. The price has fluctuated within a daily range of $0.010821, with a high of $0.258282 and a low of $0.247461, indicating relatively stable trading conditions.

The trading volume stands at 43,145,438, representing 2.05% of the market cap, which suggests moderate liquidity. The short-term moving averages (8 SMA and 13 SMA) are indicating a bearish trend with both showing negative percentages, while the longer moving averages (55 SMA and 144 SMA) are providing bullish signals with positive gains of 3.05% and 5.03%, respectively.

The 1-hour RSI is neutral at 50, indicating no immediate momentum in either direction. In contrast, the 7-day RSI at 57 suggests a slightly overbought condition, which may lead to a price correction, while the 14-day and 30-day price changes show positive trends of 11.42% and 10.11%, respectively, indicating a recovery phase.

With the all-time high of $2.99 reached on February 26, 2025, the current price reflects a significant drawdown, suggesting potential for growth. However, the recent price action, combined with the current bearish short-term moving averages and neutral RSI, indicates a consolidation phase may be in play.

Given the current technical indicators and price trends, a Hold rating is recommended. While there are signs of recovery over the longer term, short-term bearish signals and recent price declines suggest caution before entering new positions.