Pi Network (PI) is currently priced at $0.176499, experiencing a 24-hour decline of 5.83%. The daily trading range has been between $0.171155 and $0.188868, indicating a relatively tight range of $0.017713, suggesting low volatility in the current market environment.

The trading volume over the past 24 hours stands at 22,336,322, with a volume-to-market cap ratio of 1.40%. This low ratio indicates a lack of strong buying or selling pressure, which may reflect uncertainty among investors regarding the asset's future direction.

In terms of moving averages, the 8-period SMA is at $0.1758, showing a slight increase of 0.40%, while the 13-period SMA has decreased by 0.19%. The longer-term SMAs (21, 55, and 144) exhibit more bearish trends, with declines ranging from 1.33% to 4.27%, suggesting that short-term bullish momentum may be insufficient to overcome the broader downward trend.

The 1-hour Relative Strength Index (RSI) is currently at 39, indicating potential oversold conditions, while the 7-day RSI at 53 suggests neutral market sentiment. Despite a positive price change of approximately 28.80% over the past week, the 30-day price change is negative at -4.19%, highlighting short-term gains that may not be sustainable.

Historically, Pi Network reached an all-time high of $2.99 on February 26, 2025, indicating significant potential upside. However, the current price is significantly below this peak, and the recent performance metrics suggest that bullish momentum may struggle to maintain itself without a strong catalyst.

Considering the current price action, moving averages, and RSI indicators, the overall market sentiment appears weak, and there is potential for further downside. Therefore, a Hold rating is recommended, as traders may want to wait for clearer bullish signals or a stabilization in the price action before considering entry or exit points.