Pi Network (PI) is currently priced at $0.134172, reflecting a modest 1.04% increase over the past 24 hours. The daily trading range has been relatively tight, with a high of $0.137924 and a low of $0.131782, indicating limited volatility.

The trading volume stands at approximately 11.97 million, which corresponds to a low market cap turnover of 0.99%. Moving averages reveal mixed signals: the 8 SMA shows a slight decline of 0.59%, while the 13 SMA is flat, and the 21 SMA indicates a modest increase of 0.37%. In contrast, the 55 SMA is down by 0.84%, and the longer-term 144 SMA is declining significantly by 5.12%, suggesting bearish pressure over a longer timeframe.

The 1-hour RSI is at 56, indicating a neutral stance, while the 7-day RSI at 41 points towards an oversold condition. Price performance over the past week, 14 days, and 30 days shows declines of 11.64%, 17.30%, and 35.32%, respectively, highlighting a sustained downtrend.

The all-time high of $2.99, reached on February 26, 2025, contrasts sharply with the current price, suggesting significant market retracement. Fundamental factors driving recent price action remain unclear, but the substantial historical price drop raises concerns about investor confidence.

In summary, while short-term indicators show slight bullish momentum, the overall trend remains negative, compounded by longer-term moving averages and RSI readings. Based on the current data, a cautious approach is warranted, leading to a Hold rating, as potential for short-term gains exists but is overshadowed by significant bearish trends and longer-term price declines.