Pi Network (PI) is currently trading at $0.230081, reflecting a 24-hour decrease of 1.17%. The price has fluctuated within a daily range of $0.005919, with a high of $0.235072 and a low of $0.229153.

The trading volume stands at approximately 16.79 million, which represents a low volatility relative to the market cap at 0.87%. The short-term moving averages indicate a bearish trend, with the 8 SMA at $0.2321 down 0.88% and the 144 SMA at $0.2366 down 2.77%, suggesting persistent downward pressure.

The Relative Strength Index (RSI) readings indicate that the asset is currently in a neutral zone, with the 1-hour RSI at 40 and the 7-day RSI at 44. The recent price changes over various periods show a significant decline, with a 7-day drop of approximately 16.54%, reinforcing the bearish sentiment in the short to mid-term.

Historically, the all-time high for PI was $2.99, reached in February 2025, indicating substantial room for growth. However, given the current technical indicators and price action, the cryptocurrency is far from its peak and is exhibiting signs of a potential continuation of the downward trend.

Considering the overall data, including the negative price momentum and the bearish moving averages, the recommendation is to Hold. This stance is based on the current market conditions, where further declines are possible, yet the long-term potential remains intact, pending market recovery and bullish signals.