Pi Network (PI) is currently priced at $0.189804, reflecting a 24-hour decline of 6.63%. The daily trading range has been between $0.181753 and $0.20356, indicating recent volatility but also a relatively tight range, which may suggest consolidation.

The trading volume over the last 24 hours stands at approximately 32.98 million, resulting in a volume-to-market cap ratio of 2.07%. This level of trading activity is moderate, but the recent drop in price suggests that selling pressure is currently outweighing buying interest.

Short-term moving averages show mixed signals; the 8 and 13-period SMAs indicate slight upward momentum, while the longer 55 and 144-period SMAs show significant declines of 4.61% and 6.88%, respectively. The 1-hour Relative Strength Index (RSI) is neutral at 53, while the 7-day RSI is at 36, signaling potential oversold conditions that may attract buyers soon.

On a longer time frame, the 7-day price change is down 8.25%, the 14-day change is down 11.02%, and the 30-day change is down 9.08%. These declines highlight a bearish trend, though current prices are significantly lower than the all-time high of $2.99 reached in February 2025, suggesting potential for recovery if market conditions improve.

Given the current technical indicators, the immediate outlook appears bearish due to the recent downward momentum and low RSI readings on longer timeframes. However, the slight upward movement in short-term averages could indicate a potential reversal or stabilization.

Recommendation: **Hold**. The current price presents a cautious entry point, but the overall trend suggests waiting for clearer bullish signals before committing further capital. A confirmation of reversal patterns or increased volume would be necessary for a more aggressive investment strategy.