Pi Network (PI) is currently priced at $0.164965, reflecting a slight decline of 0.37546% over the past 24 hours. The daily price range has been relatively narrow, fluctuating between a high of $0.166067 and a low of $0.15892, indicating low volatility in the current trading environment.

Trading volume stands at approximately $20,127,834, with a volume-to-market cap ratio of 1.43%, suggesting limited liquidity and interest from traders. The short-term moving averages show a mixed sentiment, with the 8, 13, and 21-period SMAs indicating upward momentum, while the 55 and 144 SMAs signal a bearish trend, particularly over longer timeframes.

The 1-hour Relative Strength Index (RSI) is at 68, suggesting a near-overbought condition in the short term, while the 7-day RSI at 42 indicates that the asset is nearing oversold territory. The significant declines in the 7-day, 14-day, and 30-day price changes, which are all negative, reflect a persistent bearish trend over the past month.

With the all-time high of $2.99 reached in February 2025, the current price is substantially lower, indicating a loss of market confidence. The short-term technical indicators show potential for a bounce due to the overbought RSI, but the longer-term indicators suggest caution given the declining price trends.

In conclusion, while there may be short-term opportunities for a minor rebound, the overall bearish sentiment and longer-term downtrends warrant a cautious approach. The current analysis leads to a Sell rating, as the market conditions do not support a favorable risk-reward scenario for investors at this time.