The current price of Pi Network (PI) stands at $0.220471, with a 24-hour change of -1.95%. The daily price action has seen a high of $0.224863 and a low of $0.218033, indicating a relatively narrow daily range of 0.00683%, which reflects low volatility in the current trading environment.

The trading volume is recorded at 16,931,835, corresponding to a volume-to-market cap ratio of 0.92%. This low ratio suggests limited trading activity relative to the overall market cap, potentially indicating less investor interest and liquidity issues in the market.

Moving averages reveal a bearish trend, with the 8-hour simple moving average (SMA) at $0.2198 showing a slight increase of 0.31%, while the longer SMAs are trending downwards, with the 144 SMA at $0.2276 reflecting a decline of 3.14%. The short-term indicators indicate that the price is struggling to maintain upward momentum, suggesting a lack of buying strength.

The Relative Strength Index (RSI) readings provide further insight into the market's momentum. The 1-hour RSI is at 37, indicating potential oversold conditions, while the 7-day RSI at 43 suggests a broader bearish trend without being significantly oversold, reinforcing the overall weakness in buying pressure.

From a longer-term perspective, the price has decreased by 2.71% over the past week, 7.81% over the last two weeks, and 1.93% over the last month, indicating a consistent downward trajectory. The all-time high of $2.99, reached on February 26, 2025, is a stark contrast to the current price, underscoring the significant decline and loss of investor confidence since then.

Based on the current data, the recommendation is to Hold. While the RSI suggests potential for a short-term rebound, the prevailing downward trend in price and moving averages indicates that it is not yet a favorable time to buy. A more stable upward movement or bullish indicators are required for a reassessment of this position.