Pudgy Penguins (PENGU) is currently priced at $0.00912744, reflecting a 24-hour decline of 2.90%. The price has seen a daily range between $0.00912154 and $0.00939965, indicating a relatively stable trading environment with a low volatility range of 0.00027811%.

Trading volume stands at 67,709,279, with a volume-to-market cap ratio of 11.80%, suggesting moderate trading activity in comparison to its market capitalization. The short-term moving averages show a bearish trend, with the 8 SMA at $0.0092 down 1.25% and the 13 SMA at $0.0093 down 1.46%, indicating selling pressure in the near term.

The Relative Strength Index (RSI) metrics further support the bearish outlook, with the 1-hour RSI at 33, indicating oversold conditions. The 7-day RSI at 43 also suggests potential weakness, as the price has decreased by 18.53% over the past week, 20.08% over the past 14 days, and 21.31% over the past 30 days.

The all-time high for PENGU is $0.068447, achieved on December 17, 2024, highlighting significant room for recovery from current levels. However, given the ongoing downward momentum and bearish signals from both the moving averages and RSI, the immediate outlook remains challenging.

Based on the current data and analysis, a Sell rating is warranted. The persistent downtrend, coupled with oversold RSI conditions, suggests that the price may continue to decline before any potential recovery can occur. Investors should consider cutting losses or waiting for clearer bullish signals before re-entering.