Pi Network (PI) is currently trading at $0.140635, reflecting a significant decline of 11.02% over the past 24 hours. The price has fluctuated between a high of $0.158172 and a low of $0.133785 within this period, indicating volatility that could attract short-term traders.

The trading volume stands at approximately 32.45 million, representing a volume-to-market cap ratio of 2.61%, suggesting limited market liquidity. The hourly moving averages reveal bearish trends across all major timeframes, with the 8 SMA at $0.1469 down 4.29% and the 144 SMA at $0.1586 down 11.33%, highlighting persistent downward pressure.

Technical indicators paint a concerning picture, with the 1-hour RSI at a low 22, indicating that the asset is heavily oversold. Furthermore, the 7-day RSI is at 40, suggesting a near-neutral position but showing weakness in momentum, while both the 7-day and 14-day price changes reveal declines of 14.38% and 24.03%, respectively, emphasizing a longer-term bearish trend.

From a fundamental standpoint, the asset remains far below its all-time high of $2.99, reached in February 2025, which raises questions regarding its future price potential. The consistent downtrends over the last 30 days, with a loss of approximately 33.45%, reflect negative sentiment and potential challenges in reclaiming higher price levels.

Given the current technical indicators, along with the substantial recent price declines and bearish moving averages, the market sentiment appears to favor further downside risk. Therefore, the recommendation for Pi Network (PI) is to Sell, as the asset shows no immediate signs of recovery, and the risk of further declines outweighs the potential for short-term gains.