Pi Network (PI) is currently priced at $0.157419, reflecting a 24-hour decrease of 2.38%. The daily trading range has been tight, between $0.155652 and $0.161599, indicating limited volatility in the short term.

Volume stands at 14,366,078, representing a low trading activity relative to its market cap with a volume-to-market cap ratio of 1.04%. The moving averages reveal a bearish trend, with the 8 SMA at $0.1577 and the 144 SMA at $0.1608, indicating that the shorter-term averages are consistently below the longer-term averages.

The 1-hour RSI is at 36, suggesting that PI is nearing oversold conditions, but it remains below the neutral level of 50. The 7-day RSI is at 48, which aligns with the overall bearish sentiment, while the 14-day RSI and 30-day price changes show a significant decline of over 13% and nearly 26%, respectively, indicating persistent downward pressure.

Fundamentally, the all-time high of $2.99 is a stark contrast to the current price, showing a substantial decline from previous peaks. This considerable drop highlights the challenges PI faces in regaining investor confidence and market traction.

In conclusion, given the recent price action, bearish moving averages, and relatively weak RSI readings, a Hold rating is recommended. This approach allows investors to monitor the situation for potential signs of reversal while avoiding further downside risk in the current market environment.