Pi Network (PI) is currently priced at $0.158706, reflecting a 24-hour decline of 1.85%. The daily price range has been relatively tight, with a low of $0.156513 and a high of $0.164057, indicating subdued market volatility.

Trading volume stands at approximately 15.44 million, contributing to a market cap turnover of 1.06%. The hourly moving averages reveal a mixed trend, with the 8 SMA showing a slight uptick of 0.28%, while longer-term SMAs are trending down, indicating potential bearish momentum.

The 1-hour Relative Strength Index (RSI) is at 32, suggesting that PI is nearing oversold conditions, while the 7-day RSI at 44 reflects a lack of strong bullish momentum in the short term. Over the past week, the price has dropped by approximately 6.62%, with a more significant decline of 12.58% observed over the last 30 days.

Despite a notable 14-day price change of 11.91%, the longer-term trend appears bearish, as evidenced by the declining moving averages and the negative 30-day price change. The all-time high of $2.99 remains significantly above the current price, highlighting a substantial gap that reflects both potential and risk in the investment outlook.

Given the current technical indicators, including the bearish trends in the moving averages and the RSI signals, the market sentiment leans towards caution. Therefore, I recommend a Hold rating for Pi Network (PI) as the market stabilizes, awaiting clearer bullish signals before considering a Buy.