Pi Network (PI) is currently priced at $0.167935, reflecting a 24-hour decrease of 3.32%. The asset's recent price action shows it fluctuated between a daily high of $0.176241 and a low of $0.16742, indicating a daily range of just 0.008821%.

Trading volume stands at approximately 12.45 million PI, representing 0.81% of the market cap. The short-term moving averages are bearish, with the 8 SMA at $0.1731 (down 2.97%) and the 13 SMA at $0.1736 (down 3.27%), suggesting downward momentum.

The 1-hour RSI is critically low at 27, indicating that the asset may be oversold in the short term. Conversely, the 7-day RSI is at 49, reflecting a neutral stance, while the 14-day price change shows a positive shift of 15.40%, indicating a potential rebound from recent lows.

Over the past 30 days, PI has seen a decline of 9.31%, aligning with a longer-term bearish trend. Notably, the asset's all-time high of $2.99 highlights significant potential for recovery; however, current price levels are a far cry from that peak.

Given the current technical indicators and recent price actions, a Hold rating is recommended. The oversold conditions on the 1-hour RSI and the slight recovery potential indicated by the 14-day price change warrant a cautious approach, as a rebound may occur but is not guaranteed.