Pi Network (PI) is currently trading at $0.204491, reflecting a slight decline of 0.1873% over the past 24 hours. The daily range has been tight, with a high of $0.205685 and a low of $0.204214, indicating limited volatility and investor indecision.

Trading volume stands at 15,461,832, representing a low 0.90% of market capitalization, which suggests that the market may not be very liquid. The moving averages show a bearish trend, with the 8 SMA at $0.2049 and the 144 SMA at $0.2069, indicating short-term resistance levels that need to be surpassed for a bullish reversal.

The 1-hour Relative Strength Index (RSI) is at 33, signaling that the asset may be oversold in the short term. Conversely, the 7-day RSI is at 46, which is close to neutral but still indicates a lack of upward momentum over the week, as evidenced by the -1.81% price change in the last seven days.

On a longer time frame, the 14-day price change stands at -1.99%, while the 30-day change has shown a slight increase of 0.71%, suggesting that despite recent declines, there may be some underlying support. However, the significant distance from the all-time high of $2.99 achieved in February 2025 reflects a broader trend of diminishing investor confidence.

In conclusion, with the current price struggling to maintain above key moving averages and bearish momentum indicated by the RSI readings, a cautious approach is warranted. Therefore, the rating for Pi Network (PI) is a Hold, as there may be short-term opportunities for a bounce, but significant resistance levels and overall bearish sentiment suggest waiting for clearer bullish signals before making any buying decisions.