The current price of Pi Network (PI) is $0.241299, reflecting a slight decline of 0.89% over the past 24 hours. The daily trading range has been relatively narrow, with a high of $0.249217 and a low of $0.241012, indicating limited volatility in the market.

The volume stands at 18,530,519, which corresponds to a volume/market cap ratio of 0.92%, suggesting lower liquidity compared to the overall market cap. The short-term moving averages show a bearish trend, with the 8 SMA at $0.2458 and the 13 SMA at $0.2465, both indicating declines of approximately 2% from the current price.

The 1-hour RSI is at 37, signaling that the asset is approaching oversold territory, which may indicate a potential rebound opportunity. Meanwhile, the 7-day RSI is at 51, suggesting that the asset is in a neutral zone, with the 7-day price change slightly negative at -0.20%.

In terms of longer-term trends, the 14-day price change shows a positive increase of 8.61%, while the 30-day price change is down by 3.92%. The all-time high of $2.99, achieved on February 26, 2025, underscores the substantial decline from current price levels, highlighting a significant loss of value over time.

Based on the analysis of current price action, RSI indicators, and moving averages, the overall sentiment leans bearish in the short term. Given the lack of upward momentum and the ongoing negative price changes, a Hold rating is warranted to observe potential stabilization or reversal signals before making any further investment decisions.