The current price of Pi Network (PI) stands at $0.184439, experiencing a 24-hour decline of 5.66%. The price volatility is evident with a daily high of $0.195512 and a low of $0.180237, resulting in a daily range of 0.015275, reflecting bearish sentiment in the market.

Trading volume over the past 24 hours is reported at 19,848,142, which indicates moderate activity but remains low relative to the market cap, with a volume-to-market cap ratio of 1.28%. The hourly moving averages show mixed signals, with the 8 SMA and 13 SMA indicating slight upward momentum, while longer-term SMAs (21, 55, and 144) are trending downwards, suggesting a potential continuation of the bearish trend.

The 1-hour RSI is at 43, indicating that the asset is approaching oversold territory, yet not yet confirming a reversal. Conversely, the 7-day RSI is significantly lower at 37, reflecting sustained downward momentum over the past week, alongside price changes of -12.05% over 7 days and -12.72% over 14 days.

Given the historical context, PI's all-time high of $2.99 reached on February 26, 2025, contrasts sharply with its current price, indicating substantial drawdowns and loss of investor confidence. The persistent negative price changes over multiple time frames further highlight the potential for continued selling pressure.

In conclusion, based on the current technical indicators and the prevailing bearish trend, a Sell rating is warranted for Pi Network (PI). The lack of significant bullish momentum and the negative RSI readings suggest further downside risk in the near term, making it prudent for investors to consider exiting their positions.