Pi Network (PI) is currently priced at $0.243044, reflecting a 24-hour decline of 3.79%. The price has fluctuated between a high of $0.25298 and a low of $0.240502 over the last 24 hours, indicating a daily range of 0.012478%.

The trading volume stands at approximately 25.7 million, with a volume-to-market cap ratio of 1.27%, suggesting relatively low trading activity compared to its market capitalization. The hourly moving averages show mixed signals: the 8 SMA is at $0.2418 (+0.53%), while the 55 SMA is at $0.2566 (-5.30%), indicating short-term support but longer-term weakness.

Technical indicators reveal that the 1-hour RSI is at 40, suggesting that PI is nearing oversold conditions, while the 7-day RSI at 50 indicates neutrality in the medium-term sentiment. Price changes over various timeframes show a 1.74% increase over 7 days, an 11.09% increase over 14 days, and a modest 2.78% increase over 30 days, pointing to recent stabilization after prior volatility.

Despite the recent downturn, Pi Network’s all-time high remains significantly above the current price at $2.99, which suggests substantial upside potential. However, the current technical setup reflects a cautious sentiment, as the price is trading below several longer-term moving averages.

Given the mixed technical indicators, combined with the recent price decline and current support levels, a "Hold" rating is recommended. This strategy allows investors to assess whether the price stabilizes and builds momentum before considering further action, especially in light of the notable long-term potential indicated by its all-time high.