Pi Network (PI) is currently trading at $0.159248, reflecting a modest 24-hour price change of 0.40869%. The asset has experienced a daily trading range between $0.153951 and $0.163344, indicating relatively low volatility, with a daily range of only 0.009393%.

Volume stands at approximately 17.19 million, representing a volume-to-market cap ratio of 1.23%, suggesting that liquidity is limited. The current price is slightly below key short-term moving averages, with the 8 SMA at $0.1606 (-0.83%) and the 13 SMA at $0.1597 (-0.26%), while the longer-term 144 SMA indicates bearish sentiment at $0.1615 (-1.37%).

The 1-hour RSI is at 46, indicating a neutral position, while the 7-day RSI at 48 suggests the asset is nearing oversold conditions. Despite this, the asset's price has declined significantly over the past 30 days, dropping nearly 25%, which could indicate broader bearish sentiment in the market.

Fundamentally, the price is far below its all-time high of $2.99, reached in February 2025, suggesting significant room for recovery if positive market conditions arise. However, the ongoing downward trend in both the 7-day and 14-day price changes (-7.98% and -12.43% respectively) underscores the lack of immediate bullish momentum.

Considering the technical indicators, the asset is currently trapped between support and resistance levels, with short-term moving averages indicating potential bearish pressure. The overall market sentiment remains cautious, and with limited volume and bearish trends, the current price action does not favor aggressive buying.

Given the current analysis, the recommendation for Pi Network (PI) is to Hold. This stance is based on the lack of bullish signals and the significant price decline over the past month, suggesting that investors should await clearer signs of a trend reversal before considering new positions.