Pi Network (PI) is currently trading at $0.182038, reflecting a slight decline of 0.77834% over the past 24 hours. The price has fluctuated within a daily range of $0.003481, with a 24-hour high of $0.184749 and a low of $0.181268, indicating low volatility.

Trading volume stands at approximately 11 million, translating to a volume-to-market cap ratio of 0.72%. This relatively low volume suggests limited market interest and could be a precursor to increased volatility if significant buying or selling activity occurs.

The moving averages indicate a bearish trend, with the 8 SMA at $0.1828 showing a decrease of 0.41%. Longer-term averages, such as the 55 SMA at $0.1839 and the 144 SMA at $0.1875, are also declining, which reinforces the weakness in price momentum.

The Relative Strength Index (RSI) metrics indicate oversold conditions, with the 1-hour RSI at 33 and the 7-day RSI at 41. Both signals suggest that there may be potential for a price correction or rebound, although these conditions have not yet translated into upward price movement.

In terms of price changes, the 7-day, 14-day, and 30-day metrics all reflect significant downward trends of -11.31%, -12.80%, and -11.85%, respectively. This consistent decline suggests a prevailing bearish sentiment in the market for Pi Network.

Given the combination of bearish moving averages, limited trading volume, and oversold RSI conditions, the outlook remains cautious. While there may be a potential for a short-term correction due to oversold conditions, the overall trend is still downward.

Rating: Hold. The current market dynamics do not present a compelling case for buying, while selling could lock in losses in an oversold scenario. A closer watch on volume and RSI improvements would be prudent before considering a buy position.