Pi Network (PI) is currently priced at $0.218, reflecting a slight decline of 1.14% over the past 24 hours. The daily trading range has been tight, with a high of $0.2213 and a low of $0.2143, indicating low volatility and market uncertainty.

Volume has registered at 18,320,562, which corresponds to a market cap volume ratio of 1.01%, suggesting that trading activity is relatively subdued. Short-term moving averages are showing a bearish trend; the 8 SMA at $0.2193 has declined by 0.61%, while the 55 SMA at $0.2203 has dropped 1.03%, signaling potential further downside pressure.

The 1-hour Relative Strength Index (RSI) stands at 49, indicating a neutral position, while the 7-day RSI at 44 suggests the asset is approaching oversold territory. Price changes over the last week, 14 days, and 30 days are all negative, with the 7-day change at -7.02% and the 14-day change at -9.69%, indicating a bearish trend and potential loss of investor confidence.

The all-time high of $2.99 was reached on February 26, 2025, highlighting the significant potential for upside but contrasting sharply with current performance. The recent price movements and technical indicators collectively suggest a lack of momentum to reach previous highs in the short term.

Given the current price action, bearish short-term indicators, and overall negative price trends, a Sell rating is recommended. This strategy reflects the need to exit positions or avoid new entries until clearer bullish signals emerge.