Pi Network (PI) is currently trading at $0.159365, reflecting a minor decline of 0.72102% over the past 24 hours. The price action has seen a daily high of $0.16207 and a low of $0.153951, indicating a relatively tight trading range of approximately 0.008119%.

The trading volume stands at 16,046,851, translating to a volume-to-market cap ratio of 1.15%, suggesting moderate interest from traders. Analyzing the moving averages, the 8 SMA is at $0.1594, showing a slight downtrend of -0.04%, while the 13 SMA and 21 SMA reflect minor upward momentum at +0.15% and +0.07%, respectively, indicating mixed short-term signals.

The 55 SMA at $0.1580 shows a stronger positive trend at +0.84%, but the 144 SMA is declining at -1.69% which may indicate resistance at higher levels. The 1-hour RSI is neutral at 51, suggesting a balanced market sentiment, while the 7-day RSI at 46 indicates a slightly bearish momentum as it approaches oversold territory.

Over the last week, PI has decreased by 8.00%, with a more pronounced drop of 12.12% over the past two weeks and a substantial decline of 24.73% in the last month. The all-time high of $2.99, reached on February 26, 2025, remains a significant resistance level, emphasizing the long-term challenges in regaining previous highs.

Given the current price action, the mixed signals from moving averages, and the bearish momentum indicated by RSI values, a Hold rating is warranted. Investors should remain cautious as the price is hovering near support levels, and further downside may occur if selling pressure persists.