Pi Network (PI) is currently priced at $0.158012, reflecting a minor decline of 0.42% over the past 24 hours. The daily trading range has been relatively tight, with a high of $0.163344 and a low of $0.155652, suggesting some consolidation after recent volatility.

Trading volume stands at 15,202,792, equating to a volume-to-market cap ratio of 1.10%. This indicates low trading activity relative to the market cap, which could point to reduced investor interest at current price levels.

Moving averages indicate a bearish trend, with the 8-period, 13-period, 21-period, and 55-period simple moving averages (SMA) all showing negative changes. The longer 144-period SMA at $0.1610 is also declining, further confirming the downtrend as all SMAs are positioned above the current price.

The Relative Strength Index (RSI) readings show the 1-hour RSI at 30, indicating that PI is oversold in the short term. Conversely, the 7-day RSI of 48 suggests that the price is nearing a neutral zone, while the 14-day and 30-day price changes of -11.52% and -25.92% respectively illustrate a significant bearish momentum over the longer term.

Given the all-time high of $2.99 achieved in February 2025, the current price represents a considerable decrease and reflects the need for a strong reversal to regain investor confidence. The recent price actions and technical indicators suggest continued weakness, requiring cautious trading.

Based on the analysis of current price action, moving averages, and RSI indicators, a Hold rating is recommended. Investors should monitor for signs of reversal or stabilization before considering a Buy, as the current trend remains downward and the market sentiment appears cautious.