Pi Network (PI) is currently trading at $0.202508, reflecting a 24-hour change of -1.22%. The price has fluctuated between a high of $0.20564 and a low of $0.201542 within the same period, indicating a tight daily range of 0.004098%.

The trading volume stands at approximately 10.07 million, representing a volume-to-market cap ratio of 0.59%. This relatively low volume suggests limited trading activity, which may contribute to price volatility.

Analyzing the moving averages, the 8, 13, 21, and 55 SMAs are all showing declines between 0.98% and 1.14%, indicating bearish short-term momentum. The 1-hour RSI is at a notably low level of 24, suggesting that PI may be oversold in the short term, while the 7-day RSI at 50 indicates a neutral trend over a longer timeframe.

Over the past week, PI has experienced a price decline of approximately 1.90%, but it has seen a slight recovery over the past 14 days with a 1.92% increase. However, the 30-day price change remains concerning at -16.83%, reflecting a significant downturn.

The all-time high for PI stands at $2.99, achieved on February 26, 2025, suggesting considerable room for growth from its current price level. Nevertheless, the substantial gap to the all-time high combined with recent performance trends necessitates caution for potential investors.

Given the current bearish indicators, particularly the low RSI and declining moving averages, the recommendation is to Hold. This rating is predicated on the potential for short-term oversold conditions, but significant recovery would require improved market sentiment and trading volume.