Pudgy Penguins (PENGU) is currently trading at $0.01058085, reflecting a significant decline of 9.57% over the last 24 hours. The daily trading range was tight, with a low of $0.01058331 and a high of $0.01170034, indicating bearish pressure in the market.

Volume stands at 131,871,863, which represents 19.83% of the market cap, suggesting that there is considerable trading activity but insufficient bullish sentiment to drive prices higher. The hourly moving averages confirm a downward trend, with the 8 SMA at $0.0109 showing a decline of 2.60%, while longer-term SMAs also reflect negative momentum, particularly the 144 SMA at $0.0114, which is down 7.53%.

The 1-hour RSI is at 16, indicating extreme oversold conditions, while the 7-day RSI at 46 suggests a neutral position but leaning towards bearishness. The recent price changes show a decline of nearly 8% over the past week and approximately 21% over the last month, indicating a sustained downward trend in PENGU's price.

Historically, PENGU reached an all-time high of $0.068447 on December 17, 2024, but the current price represents a significant depreciation from this peak. Given the current market conditions, including the high selling pressure and oversold technical indicators, a cautious approach is warranted.

Based on the analysis of the current price action, moving averages, and RSI indicators, the rating for Pudgy Penguins (PENGU) is a Sell. The negative momentum and lack of bullish signals suggest that it may be prudent for investors to exit positions until a clearer reversal signal appears.