Pi Network (PI) is currently priced at $0.207929, reflecting a slight decline of 0.50063% over the past 24 hours. The daily trading range has been narrow, between $0.207826 and $0.209322, indicating low volatility and potential consolidation around this price level.

The volume over the last 24 hours stands at 8,570,598, with a volume-to-market cap ratio of 0.49%, suggesting limited trading activity relative to its market capitalization. The hourly moving averages are showing a slight downtrend, with the 8, 13, 21, and 55 SMAs all exhibiting minor negative changes, indicating bearish momentum in the short term.

Looking at the Relative Strength Index (RSI), the 1-hour RSI is at 36, which signals that the asset is nearing oversold conditions, while the 7-day RSI at 46 suggests that there is still room for further decline before hitting oversold territory. The 7-day price change is notably negative at -1.94%, contrasting with a modest positive shift of 1.61% over the past 14 days, indicating mixed sentiment in the mid-term outlook.

Despite the all-time high of $2.99 reached on February 26, 2025, the current price reflects a significant depreciation, underscoring the volatility and risks associated with PI. The 30-day price change of -0.22% further supports the notion of a stagnant period for the cryptocurrency.

Given the current technical indicators pointing toward a short-term downtrend and the overall market sentiment remaining cautious, the recommendation is to Hold. This strategy allows investors to monitor potential support levels while avoiding the risk of selling in a bearish environment that could lead to further losses.