Pi Network (PI) is currently trading at $0.175512, reflecting a 4.90% decline over the past 24 hours. The daily trading range has fluctuated between $0.171155 and $0.190096, indicating heightened volatility despite relatively low trading volume at 24,036,484, which corresponds to 1.52% of the market cap.

The hourly moving averages show a consistent downward trend, with the 8 SMA at $0.1838, down 4.52%, and the 13 SMA at $0.1853, down 5.28%. This bearish momentum is further supported by the 1-hour RSI at 17, indicating oversold conditions in the short term, while the 7-day RSI at 54 suggests a neutral trend over the past week.

In terms of price performance, Pi Network has experienced a significant 30.87% increase over the past seven days, though this is juxtaposed with a 30-day price change of -3.48%. The all-time high remains at $2.99, achieved on February 26, 2025, highlighting the substantial distance from current levels.

Given the current bearish signals from moving averages and the oversold RSI, the potential for a short-term rebound seems limited. However, the recent uptick in the 7-day price change indicates some investor interest, though it may not be sufficient to drive a sustainable recovery.

Based on the analysis, the recommendation for Pi Network (PI) is to Hold. This is due to the short-term bearish momentum coupled with signs of oversold conditions, suggesting a cautious approach until clearer bullish indicators emerge.