Pi Network (PI) is currently trading at $0.181373, reflecting a slight decline of 0.92% over the past 24 hours. The daily trading range has been tight, with a high of $0.183171 and a low of $0.181021, indicating limited volatility in the short term.

The trading volume stands at 8,402,992, contributing to a relatively low volume-to-market cap ratio of 0.55%. This suggests that market interest may be waning, especially as the 7-day price change shows a decline of approximately 10.96%, hinting at bearish momentum.

Technical indicators reveal that the 1-hour RSI is currently at 41, suggesting that the asset is approaching oversold territory. Meanwhile, the moving averages show a consistent downward trend, with the 55 SMA at $0.1832 and the 144 SMA at $0.1848, both reflecting negative momentum over the past days.

Fundamentally, the all-time high of $2.99 achieved in February 2025 indicates significant long-term potential; however, the current price is substantially below this peak. The recent declines over 14 and 30 days of approximately 13.30% and 11.47% respectively further underscore the current weakness in the market.

Given the technical indicators and recent price action, Pi Network is in a corrective phase with potential for further downside in the short term. Therefore, the recommendation is to Hold, as entering a position now could be risky until clearer signs of a reversal or increased buying volume emerge.