Pudgy Penguins (PENGU) is currently priced at $0.00632729, reflecting a 24-hour decline of 2.74%. The asset's daily range has been tight, with a high of $0.0065842 and a low of $0.00616908, indicating limited volatility in recent trading sessions.

Trading volume stands at 77,259,068, which represents 19.34% of the market cap, suggesting a moderate level of trading activity relative to the overall market capitalization. However, the recent price trends show a significant downward momentum, with a 7-day price change of -16.71%, a 14-day change of -34.77%, and a staggering 30-day change of -47.09%.

Technical indicators show mixed signals; the 1-hour RSI is at 52, indicating neutrality, while the 7-day RSI at 43 suggests the asset is approaching oversold conditions. Moving averages are also bearish, with the 8 SMA, 13 SMA, and 21 SMA showing declines ranging from -0.45% to -2.68%, while the longer-term 55 SMA and 144 SMA reflect a more pronounced downtrend of -2.68% and -5.42%, respectively.

Given the current price action and the significant downward pressure over the past month, there is a clear bearish trend in the short to medium term. Additionally, the asset is trading far below its all-time high of $0.068447, indicating a substantial loss of value and investor confidence.

Considering these factors, the recommendation for Pudgy Penguins (PENGU) is to Sell. The continued decline in price, combined with bearish moving averages and lack of significant buying momentum, suggests further downside risk.