Pi Network (PI) is currently priced at $0.173946, reflecting a 3.45% decline over the last 24 hours. The daily trading range has been relatively tight, with a high of $0.180163 and a low of $0.170398, indicating some consolidation in price.

The volume of 15,394,163 represents a volume-to-market cap ratio of 1.06%, suggesting low trading activity relative to the overall market capitalization. Technical indicators show mixed signals; while the 8 SMA and 13 SMA indicate slight upward momentum, the 21, 55, and 144 SMAs reflect a bearish trend, with declines of up to 4.53%.

The 1-hour RSI is at 38, indicating a potential oversold condition, but the 7-day RSI of 44 suggests that momentum is still weak overall. Additionally, the price has dropped 7.74% over the past week and 16.35% over the past 14 days, highlighting a significant downward trajectory in the medium term.

Despite the long-term all-time high of $2.99 achieved on February 26, 2025, the current price reflects a substantial decrease, indicating a loss of investor confidence. The negative price changes across multiple time frames and the RSI levels suggest that sellers are currently dominating the market.

In conclusion, given the bearish indicators, low trading volume, and overall negative price momentum, a Sell rating is warranted for Pi Network (PI) at this time. A better entry point may be sought after signs of recovery and stabilization in price.