Pi Network (PI) is currently priced at $0.183214, reflecting a slight 24-hour increase of 0.40271%. The daily trading range has been relatively narrow, with a high of $0.184005 and a low of $0.177429, indicating low volatility within this period.

The trading volume stands at 16,303,225, which translates to a Vol/Market Cap ratio of 1.06%. This volume suggests moderate market activity, but the overall market cap appears limited, which may impact price stability and liquidity.

Analyzing the hourly moving averages, the 8 SMA at $0.1830 and the 13 SMA at $0.1821 are both trending upwards, providing some short-term bullish momentum. Conversely, the 55 SMA at $0.1847 shows a bearish trend, while the 144 SMA at $0.1945 indicates a significant longer-term downward movement of 5.82%.

The 1-hour RSI is at 51, suggesting that the asset is in a neutral position, while the 7-day RSI at 40 indicates a potential oversold condition. However, the consistent negative price changes over the last 7, 14, and 30 days—ranging from approximately -9.34% to -11.89%—signal a bearish trend that could deter new buying interest.

Despite the current price being significantly lower than its all-time high of $2.99, the market's current sentiment appears to be cautious. The recent price decline and low RSI readings indicate that investors may be hesitant to accumulate at this level, which could lead to further selling pressure.

Considering these factors, the recommendation is to Hold at this time. While the short-term indicators show some positive movement, the overall trend remains bearish, and without stronger bullish signals, entering a Buy position may carry significant risk.