The current price of Pi Network (PI) stands at $0.228964, reflecting a slight decline of 1.01% over the past 24 hours. The daily price range has been narrow, with a high of $0.233471 and a low of $0.228501, indicating limited volatility in recent trading sessions.

Volume over the last 24 hours is approximately 14.76 million, with a volume-to-market cap ratio of 0.77%, suggesting moderate trading activity relative to its market capitalization. The moving averages indicate a bearish trend, with all short- and medium-term averages (8, 13, 21, and 55 SMA) showing negative percentages, further supporting a downward momentum.

The 1-hour Relative Strength Index (RSI) is at a critically low level of 18, signaling oversold conditions that could prompt a short-term bounce. However, the 7-day RSI at 46 indicates a neutral position, while the 7-day price change has seen a significant drop of over 11%, suggesting ongoing selling pressure in the market.

From a longer-term perspective, the 30-day price change is positive at approximately 5.16%, indicating some resilience over that period despite recent declines. Nevertheless, the stark contrast with recent shorter-term performance raises concerns about the sustainability of any upward movements.

Considering these factors, the recommendation for Pi Network (PI) is to hold. While the asset is in an oversold condition, the persistent bearish trends in the moving averages and recent price performance suggest that further downside may be possible before a significant recovery can be expected.