Pi Network (PI) is currently trading at $0.163457, reflecting a 24-hour decline of 3.32%. The price has oscillated between a high of $0.173558 and a low of $0.162064 over the past day, indicating a narrow daily range of 0.011494%, suggesting low volatility in the short term.

Trading volume stands at approximately 19.78 million, with a volume-to-market cap ratio of 1.29%. The hourly moving averages show a consistent downward trend, with the 8 SMA at $0.1665 down 1.82% and the 13 SMA at $0.1684 down 2.95%, indicating bearish momentum in the immediate term.

The 1-hour Relative Strength Index (RSI) is at 31, suggesting that PI is nearing oversold conditions. However, the 7-day RSI at 50 indicates a neutral stance, reflecting a lack of strong directional momentum over the past week.

From a price change perspective, the 7-day performance shows a decline of 6.33%, while the 14-day price change is slightly positive at 2.27%. The 30-day price change is marginally negative at -0.12%, indicating that the asset has struggled to maintain upward momentum over the last month.

Historically, PI's all-time high of $2.99, reached on February 26, 2025, highlights significant potential for future appreciation. However, the current price remains significantly below this level, suggesting that substantial recovery is necessary for long-term gains.

Given the recent bearish trend indicated by both price action and technical indicators, a cautious approach is warranted. The combination of high short-term selling pressure, low RSI, and negative price movements suggests that a Hold rating is appropriate at this time, as investors should monitor for signs of stabilization or a reversal before committing to new positions.