Pi Network (PI) is currently trading at $0.205289, reflecting a modest 24-hour change of 0.21947%. The price has seen a daily range between $0.203678 and $0.207484, indicating low volatility with a daily range of just 0.003806%.

The trading volume stands at approximately 10.55 million, which corresponds to 0.61% of the market cap. Moving averages suggest bearish momentum, with shorter-term SMAs (8, 13, and 21) all declining, while the 55 SMA shows a slight positive trend.

The 1-hour RSI is at 38, indicating that PI is approaching oversold conditions, while the 7-day RSI at 46 suggests a lack of bullish momentum in the short term. Over the past week, PI has experienced a minor price increase of 0.1864%, but the longer-term metrics reveal a significant decline of approximately 16.13% over the past month.

Given that the all-time high was $2.99, the current price represents a substantial decline, which may attract speculative interest from investors looking for a rebound. However, the overall trend remains negative, with both the 14-day price change and the general moving averages pointing to continued bearish sentiment.

Considering the current technical indicators and the recent price trends, a Hold rating is appropriate. This stance allows investors to monitor for potential reversal signals while avoiding the risk of further decline given the lack of strong buying momentum.