Pi Network (PI) is currently priced at $0.133962, reflecting a 3.52% decline over the past 24 hours. The trading range for the day has been between $0.131965 and $0.138965, indicating a relatively narrow daily range of 0.007%.

The volume traded in the last 24 hours stands at 13,134,317, representing 1.09% of the market cap. This volume, coupled with a declining price, suggests weak buying interest and potential selling pressure in the market.

The hourly moving averages indicate a bearish trend, with the 8 SMA at $0.1335 showing a slight increase of 0.32%, while longer-term SMAs are all trending downwards, particularly the 144 SMA at $0.1434, which has dropped by 6.58%. The 1-hour RSI at 38 and 7-day RSI at 43 both indicate that the asset is approaching oversold territory, yet lack sufficient bullish momentum for a strong rebound.

In terms of price performance, PI has seen a significant decline over the past 30 days, down 35.35%, with both the 14-day and 7-day price changes also showing negative trends of -22.63% and -14.60%, respectively. This persistent downtrend underscores a broader bearish sentiment and raises concerns about the asset's short-term viability.

Considering the current technical indicators, bearish momentum, and the recent price action, it is advisable to adopt a Hold rating on Pi Network (PI). While the price is near its lower support levels, potential for further decline exists, and without clear bullish signals, it is prudent to wait for a more favorable entry point.