Pi Network (PI) is currently trading at $0.204475, experiencing a 24-hour decline of 2.27%. The asset has shown a daily range between a high of $0.20922 and a low of $0.202481, indicating relatively tight trading conditions with a daily range of just 0.006739%.

The trading volume stands at 13,315,472 PI, with a volume-to-market cap ratio of 0.78%, suggesting low liquidity in the market. Moving averages are showing downward pressure, with the 8 SMA at $0.2070 reflecting a decline of 1.24% and the 55 SMA at $0.2084 down by 1.87%, indicating a bearish trend in the short term.

The 1-hour RSI is notably low at 18, signaling that the asset is oversold and may be due for a corrective bounce. In contrast, the 7-day RSI at 45 suggests a neutral stance, while the 14-day price change is positive at 0.19%, indicating some recovery potential in the mid-term.

Over the past week, PI has declined by approximately 1.84%, yet has shown a positive price change of 3.57% over the past month. This reflects a slight upward momentum in the longer term despite the recent short-term volatility.

With the all-time high of $2.99 achieved in February 2025, the current price remains significantly below that peak, leaving considerable room for potential upside. However, the current bearish trend in the moving averages and RSI indicators must be taken into account.

Given the current oversold condition reflected by the RSI and the potential for a short-term bounce, the recommendation is to Hold. Monitoring upcoming price action is crucial, as a breakout above $0.2070 could signal a shift in momentum, while further declines below $0.202481 could necessitate a reassessment of the position.