Pi Network (PI) is currently trading at $0.17929, reflecting a slight decline of 0.52528% over the last 24 hours. The price movement has remained constrained within a daily range of $0.007641, indicating low volatility as it oscillated between a high of $0.18507 and a low of $0.177429.

Trading volume stands at 17,527,847, contributing to a market cap volume ratio of 1.16%, suggesting moderate trading activity relative to the overall market cap. The short-term moving averages reveal a bearish trend, with the 8 SMA at $0.1804 and the 13 SMA at $0.1812 both declining, indicating downward momentum.

The relative strength index (RSI) on both the hourly and 7-day charts is below 40, with the hourly RSI at 36 and the 7-day RSI at 38, which signals that the asset is nearing oversold conditions. The price has experienced significant declines over the past week (-14.37%), the past 14 days (-14.10%), and the last 30 days (-13.08%), indicating a sustained bearish trend.

Given that the current price is far below its all-time high of $2.99 from February 2025, the asset faces significant resistance levels. The declining moving averages suggest a lack of bullish momentum, further supported by the consistently low RSI readings, which indicates weak buyer interest.

In conclusion, the current technical indicators and price action suggest a bearish outlook for Pi Network. Therefore, I recommend a Sell rating, as the asset shows no immediate signs of recovery or bullish reversal, making it prudent to exit positions at this time.