Pi Network (PI) is currently trading at $0.145125, reflecting a 24-hour decline of 3.18%. The price has fluctuated between a daily high of $0.150524 and a low of $0.143163, indicating a relatively narrow trading range of 0.007361%.

The trading volume stands at approximately 17.58 million, equating to a volume-to-market cap ratio of 1.36%, suggesting limited trading activity relative to its market capitalization. The hourly moving averages show mixed signals; the 8 SMA at $0.1445 is slightly bullish at +0.40%, while longer-term SMAs indicate bearish trends, particularly the 144 SMA at $0.1540, which shows a decline of 5.74%.

The 1-hour Relative Strength Index (RSI) is at 41, indicating a slightly oversold condition, while the 7-day RSI at 46 also suggests the asset is approaching a neutral zone. However, the 7-day price change of -7.96%, coupled with a 14-day decline of -20.50% and a 30-day drop of -30.33%, highlights a significant bearish trend over the medium term.

Given these technical indicators and price action, there is a lack of bullish momentum and significant downward pressure. The current price is well below the all-time high of $2.99, reached in February 2025, illustrating the potential for further declines if the market sentiment does not shift positively.

In conclusion, the technical indicators and price trends point to continued weakness in Pi Network (PI). Therefore, the rating is a Sell, as the asset is currently underperforming and shows no immediate signs of reversal or recovery.