Pi Network (PI) is currently trading at $0.225696, reflecting a minor 24-hour change of 0.28882%. The price is within a narrow daily range, having reached a high of $0.230491 and a low of $0.220703, indicating relatively stable short-term trading conditions.

The trading volume stands at approximately 17.76 million, contributing to a Vol/Market Cap ratio of 0.94%, which suggests a healthy level of trading activity compared to the overall market capitalization. Moving averages show mixed signals; while the 21 SMA indicates a slight upward momentum (+0.31%), the 8 SMA, 13 SMA, and 55 SMA are all trending downwards, hinting at potential bearish pressure.

Short-term momentum, as indicated by the 1-hour RSI of 66, suggests the asset is nearing overbought conditions, while the 7-day RSI at 43 indicates a neutral to slightly oversold position in the medium term. Recent price changes show a 7-day decline of 6.30% and a 14-day decline of 5.72%, while the 30-day price change shows a slight increase of 3.12%, reflecting volatility in the recent trading period.

With the all-time high of $2.99 achieved in February 2025, the current price remains significantly below this level, indicating potential for upside but also substantial risk. The combination of mixed moving averages, RSI metrics indicating short-term overbought conditions, and recent declines in price suggests a cautious approach.

Given the current data, the recommendation is to Hold. This stance allows for assessment of market conditions without committing to additional risk, as short-term signals are mixed while medium-term trends have been negative. The potential for a rebound exists, but immediate upward momentum lacks clarity.