Pi Network (PI) is currently trading at $0.259458, reflecting a slight decline of 1.04% over the past 24 hours. The price has fluctuated between a daily high of $0.279733 and a low of $0.255481, indicating a relatively narrow daily range of 0.024252%.

The trading volume stands at approximately 75.8 million, which constitutes 3.51% of the market cap, suggesting moderate liquidity. Moving averages present mixed signals, with the 8-hour SMA showing a minor increase of 0.01%, while the 13-hour and 21-hour SMAs indicate declines of 1.73% and 2.88%, respectively.

The current RSI of 36 indicates that PI is approaching oversold territory, suggesting potential for a short-term rebound. In contrast, the 7-day RSI at 55 implies a balanced sentiment, while the price changes over different time frames show volatility with a 12.6% increase over the last week and a 20.9% increase over the last two weeks, though a drop of 5.2% over the last 30 days indicates recent weakness.

Given that the all-time high for PI was $2.99 back in February 2025, the current price remains significantly below this peak, suggesting potential upside for long-term holders. However, the mixed signals from the moving averages and the low 1-hour RSI point to uncertainty in the short term.

In conclusion, the current market conditions and technical indicators support a Hold rating. While there is potential for recovery given the recent price changes, the immediate outlook reflects caution due to the bearish short-term momentum and the declining moving averages.