Pi Network (PI) is currently trading at $0.213335, reflecting a 24-hour decline of 2.61%. The price has oscillated between a daily high of $0.221083 and a low of $0.212226, indicating a narrow trading range of approximately 0.0089%.

The trading volume stands at 16,869,155, contributing to a market cap volume ratio of 0.95%. The short-term moving averages indicate a bearish trend, with the 8 SMA at $0.2157 down 1.10% and the 21 SMA at $0.2172 down 1.78%, signaling a potential continuation of selling pressure.

The one-hour RSI is notably low at 23, suggesting that PI is in oversold territory, which may indicate an imminent price reversal or consolidation. Conversely, the 7-day RSI at 43 suggests that the asset is approaching neutral territory but remains under pressure, while the 30-day price change reflects a minor decline of 6.79%.

From a longer-term perspective, PI has experienced a significant price drop, with a 14-day price change of -17.00%. The all-time high of $2.99, achieved in February 2025, is far from the current price, indicating a substantial loss of market confidence since then.

Considering the bearish technical indicators combined with the low RSI values, the asset appears to be struggling to gain upward momentum. While the oversold conditions suggest potential for a rebound, the prevailing trend remains negative and the lack of significant buying volume reinforces the selling pressure.

Based on this analysis, the recommendation is to Hold. Current indicators do not support a Buy at this point due to the lack of momentum and ongoing downward trend; however, monitoring for signs of reversal or volume increases is advisable for future positions.