The current price of Pi Network (PI) stands at $0.143022, reflecting a 24-hour decline of 1.83%. The daily trading range is tight, with a high of $0.146348 and a low of $0.142787, indicating a lack of volatility in recent trading sessions.

Volume over the past 24 hours is approximately 10.35 million, representing 0.81% of the market cap. This relatively low trading volume suggests subdued investor interest, further compounded by a consistent downtrend in the 7-day price change of approximately -7.75% and a more significant -31.49% decline over the past 30 days.

Technical indicators show that the hourly moving averages are all negative, with the 55 SMA at $0.1456 reflecting a 1.76% decline. The 1-hour RSI is at 43, indicating a slightly bearish sentiment, while the 7-day RSI at 45 suggests the asset is nearing oversold territory.

Despite the historical all-time high of $2.99 recorded in February 2025, current price levels reflect a significant depreciation, illustrating the challenges in regaining investor confidence. The ongoing negative price trends, paired with a lack of strong buying pressure, suggest that momentum is not in favor of a bullish reversal at this time.

Given the combination of declining price trends, low trading volume, and negative moving averages, the outlook for Pi Network (PI) appears bearish. Thus, the recommendation is to Hold, allowing for potential further declines before considering a Buy position once clearer bullish signals emerge.