Pi Network (PI) is currently priced at $0.151607, reflecting a 24-hour decline of 3.52%. The daily trading range has been relatively tight, with a high of $0.159503 and a low of $0.147107, indicating weak price momentum.

Volume stands at approximately 21.27 million, representing 1.59% of the market cap, suggesting limited liquidity. The hourly moving averages show a consistent downward trend, with the 8 SMA at $0.1557 down 2.65% and the 55 SMA at $0.1585 down 4.34%, indicating bearish short-term sentiment.

The 1-hour RSI is at 25, signaling potential oversold conditions, while the 7-day RSI at 45 points to a lack of bullish momentum. Price changes over the last week, 14 days, and 30 days are negative at -5.15%, -17.70%, and -28.93%, respectively, confirming ongoing selling pressure.

With the all-time high of $2.99 reached in February 2025, current levels represent a significant drawdown, suggesting potential for recovery if market conditions improve. However, the persistent downtrend and weak RSI values indicate that further declines may be possible before any sustained upward movement.

Given the current bearish indicators and lack of strong buying pressure, a Hold rating is appropriate. Traders should monitor for signs of recovery and improved momentum before considering entry positions, as the market remains under significant selling pressure.