The current price of Pi Network (PI) is $0.209679, experiencing a 24-hour decline of 2.33%. The daily trading range is relatively tight, with a high of $0.214941 and a low of $0.208223, indicating limited volatility in the short term.

Trading volume stands at approximately 15,099,971, equating to a volume-to-market cap ratio of 0.86%, which suggests that trading activity is subdued relative to its market capitalization. The hourly moving averages show that PI is currently trading below its short-term averages, with the 8 and 13 SMA down by approximately 1.27% and 1.29%, respectively, signaling bearish momentum.

The 1-hour Relative Strength Index (RSI) is at 25, indicating that PI is oversold in the very short term, which could suggest a potential bounce-back. In contrast, the 7-day RSI is at 54, reflecting a neutral position, while the 30-day price change shows a decline of 6.32%, indicating a longer-term downtrend.

Despite the recent 7-day and 14-day price changes showing gains of 3.50% and 3.63%, the overall trend in the last month remains negative. The all-time high of $2.99, reached in February 2025, remains significantly distant, highlighting the need for substantial price recovery to regain investor confidence.

Given the current bearish sentiment, limited trading volume, and oversold conditions in the short term, it is prudent to adopt a cautious approach. Therefore, the recommendation is to Hold Pi Network (PI) until clearer bullish signals emerge and the price stabilizes above key moving averages.