The current price of Pi Network (PI) is $0.210538, reflecting a modest 24-hour change of 1.18%. The daily range of $0.006191 indicates low volatility, with a 24-hour high of $0.210898 and a low of $0.204707, suggesting a consolidation phase in the near term.

Volume stands at 15,260,174, which represents 0.87% of the market cap, indicating a relatively low trading activity compared to the overall market. The hourly moving averages show mixed signals, with shorter-term SMAs (8, 13, and 21) indicating bullish momentum while the longer-term averages (55 and 144) point towards potential weakness.

The 1-hour Relative Strength Index (RSI) is at 51, indicating neutral momentum, while the 7-day RSI at 44 suggests that the asset is approaching oversold conditions. The price has seen a significant decline over the past 7 days (-8.37%), 14 days (-21.1%), and 30 days (-6.7%), reflecting bearish sentiment over these periods.

Despite the recent pullback, the current price remains significantly lower than the all-time high of $2.99, suggesting potential for upside should the market conditions improve. However, the bearish momentum in the longer time frames and the low trading volume signal caution for traders looking for immediate gains.

In conclusion, given the current technical indicators and price action, the recommendation is to Hold. The asset shows signs of potential recovery, but the overall bearish trend in the short to medium term and low trading activity suggests that caution is warranted before making new positions.