Pi Network (PI) is currently trading at $0.165758, reflecting a 24-hour decline of 3.38%. The price has seen a daily range from $0.164653 to $0.17204, indicating a relatively narrow trading range with volatility of 0.007387%.

The volume over the past 24 hours stands at 15,057,456, with a volume-to-market cap ratio of 0.98%, suggesting a moderate level of trading activity. Short-term moving averages are showing bearish trends, with the 8 SMA at $0.1693, the 13 SMA at $0.1691, and the 21 SMA at $0.1698, all indicating negative price movements in the last few sessions.

The 1-hour RSI is at 34, signaling that PI is nearing oversold territory, which could prompt a potential bounce back. However, the 7-day RSI of 46 indicates that the momentum remains weak, and the recent 7-day price change of -9.02% underscores this downward trend.

Over the past 14 days, PI has experienced a price increase of 22.48%, which provides some context to the recent pullback but may not be sufficient to indicate sustained bullish sentiment. In contrast, the 30-day price change of -4.72% suggests a longer-term bearish outlook despite the recent short-term gains.

The all-time high for Pi Network stands at $2.99, recorded on February 26, 2025, which reflects significant unrealized potential; however, the current price is far below this level. This disparity highlights the challenges facing PI in regaining momentum and investor confidence.

Considering the current market conditions, including bearish short-term indicators and a weak RSI, the recommendation for Pi Network (PI) is to Hold. Investors should monitor the price action closely for signs of recovery or further declines before making any decisions to buy or sell.