Pudgy Penguins (PENGU) is currently trading at $0.00908854, showing a modest 24-hour increase of 1.23%. The daily price range has been tight, with a high of $0.00938475 and a low of $0.00897511, indicating a relatively stable trading environment over the last day.

Trading volume stands at 145,488,224, with a volume-to-market cap ratio of 25.46%, reflecting substantial market activity for this cryptocurrency. However, the 7-day RSI is at 45, indicating a neutral momentum, while the 1-hour RSI at 41 suggests a slight bearish trend in the short term.

The moving averages are showing a downward trend, with the 8, 13, and 21 SMAs all below the current price, indicating potential resistance levels around $0.0093. Furthermore, both the 14-day and 30-day price changes exhibit significant declines of -20.31% and -8.44%, respectively, suggesting bearish sentiment over these periods.

Despite the recent uptick in price, the overall trend remains negative as indicated by the longer-term price changes and moving averages. The all-time high of $0.068447 set in December 2024 serves as a distant benchmark, emphasizing the current price's significant decline from historical peaks.

In conclusion, while there is a slight short-term positive movement, the overall trend is bearish, compounded by the declining RSI and moving averages. Therefore, I recommend a Sell rating on Pudgy Penguins (PENGU), as current market indicators suggest further downside risk before any potential recovery.