Pi Network (PI) is currently priced at $0.154808, reflecting a 3.81% decline over the past 24 hours. The price fluctuation between the daily high of $0.16103 and a low of $0.151387 suggests limited volatility, with a daily range of just 0.009643%.

Volume has registered at 19,319,158, resulting in a volume-to-market cap ratio of 1.44%, indicating relatively low trading activity compared to its market capitalization. The short-term moving averages show a bearish trend; the 8 SMA at $0.1576 is down 1.80%, and the 13 SMA at $0.1570 is down 1.41%, signaling continued selling pressure.

The Relative Strength Index (RSI) is currently at 41 for the 1-hour period and 42 for the 7-day, suggesting that the asset is nearing oversold conditions but not yet at an extreme level. Additionally, the 7-day price change of -10.37%, 14-day change of -18.20%, and 30-day change of -27.07% indicate a strong downtrend in recent performance.

The all-time high of $2.99 achieved on February 26, 2025, emphasizes the significant distance from the current price, pointing to potential long-term growth but also indicating a market struggling to recover. The prevailing technical indicators and declining price trends suggest that investors may need to exercise caution before entering new positions.

Given the current price action, moving average behavior, and RSI levels, the recommendation is to Hold. This rating is based on the need for a clearer reversal signal and stabilization in price trends before considering new investments or entering buy positions.