Pi Network (PI) is currently trading at $0.158201, reflecting a 24-hour change of 1.65568%. The daily price range has been relatively tight, with a high of $0.162469 and a low of $0.152695, indicating low volatility in the short term.

The trading volume stands at approximately 18.9 million, representing 1.38% of the market cap, which suggests moderate interest from investors. The hourly moving averages show mixed signals; the 8 SMA and 13 SMA are positive, while the longer-term 21 SMA and 55 SMA are indicating downward pressure, particularly the 55 SMA which is down 3.10%.

Technical indicators reveal a bearish trend with the 1-hour RSI at 40, indicating potential weakness in buying momentum. Furthermore, the 7-day RSI at 45 suggests that PI is approaching oversold territory, though not yet at critical levels.

Over the past week, PI has experienced a price decline of 10.45%, and the 14-day and 30-day changes further indicate downward trends of 22.33% and 23.23%, respectively. The all-time high of $2.99, reached in February 2025, seems increasingly distant as current prices remain significantly lower.

Given the current technical indicators, moderate trading volume, and the recent downward price trends, the outlook for Pi Network remains cautious. The mixed signals from moving averages and RSI suggest that while short-term opportunities may exist, the overall trend is bearish, prompting a conservative approach.

Recommendation: Hold. The current price level does not present a favorable entry point, and the overall trend indicates potential further declines before a more favorable buying opportunity arises.