Pi Network (PI) is currently trading at $0.205621, reflecting a slight decline of 1.52% over the last 24 hours. The price has shown a narrow daily range between $0.205444 and $0.209322, indicating low volatility in the recent trading session.

Trading volume stands at approximately 10.36 million, corresponding to a market cap volume ratio of 0.60%, which suggests modest trading activity relative to its market capitalization. The short-term hourly moving averages indicate a bearish trend, with all significant SMAs showing declines, particularly the 55 SMA at $0.2085, down 1.37%.

The 1-hour RSI is currently at 21, signaling oversold conditions, while the 7-day RSI at 43 suggests that the asset is nearing oversold territory without yet confirming it. A 7-day price change of -3.60% reinforces the bearish momentum, although the 14-day price change shows a slight recovery of 1.72%, hinting at possible stabilization.

Historically, the all-time high of $2.99 was recorded on February 26, 2025, highlighting significant potential upside compared to the current price. However, the recent price fluctuations and bearish indicators suggest that the market is still hesitant and requires further confirmation before a bullish trend can be established.

Given the current oversold conditions indicated by the RSI, alongside the bearish moving averages and negative price trends, the recommendation is to Hold. While there is potential for recovery, the lack of bullish momentum and consistent selling pressure suggests that entering a position now may not be optimal until clearer signs of reversal are observed.