Pi Network (PI) is currently priced at $0.183231, reflecting a 24-hour decline of 2.89%. The daily trading range has been tight, with a high of $0.188682 and a low of $0.183042, indicating low volatility in the current market conditions.

The volume traded over the past 24 hours stands at approximately 13,090,439, representing a volume-to-market cap ratio of 0.85%. Short-term moving averages are showing a bearish trend, with the 8 SMA at $0.1845 and the 13 SMA at $0.1847 both declining, while the 21 SMA and 55 SMA are also positioned lower, suggesting continued selling pressure.

The relative strength index (RSI) indicates a neutral position at 48 for the 1-hour timeframe, but the 7-day RSI at 41 points to an oversold condition. This aligns with the recent price changes, which show a significant decline of over 10% in the last week and about 12% over the past 14 days, indicating weakness in the short to medium-term trend.

In the longer context, the all-time high for PI remains significantly distant at $2.99, reached on February 26, 2025. Current price levels are not only far from this peak but are also indicative of a bearish sentiment in the market, given the series of downward price movements.

Considering the weak momentum reflected in both the RSI and moving averages, as well as the ongoing price decline, the recommendation for Pi Network (PI) is to Hold. This rating is based on the need for further consolidation before a potential upward reversal can be confirmed.