Pudgy Penguins (PENGU) is currently trading at $0.00910965, reflecting a 1.70% increase over the past 24 hours. The price has oscillated between a low of $0.00885338 and a high of $0.00913318 during the same period, indicating a daily range of approximately 0.0002798 USD.

The trading volume stands at 49,320,138, contributing to a market cap volume ratio of 8.61%. The hourly moving averages show positive momentum with the 8 SMA at $0.0091 (+0.63%), while longer-term averages such as the 144 SMA at $0.0090 (+1.01%) indicate sustained support levels.

The 1-hour RSI is at 66, suggesting that the asset is nearing overbought conditions, which may lead to a pullback if the momentum does not sustain. In contrast, the 7-day RSI at 51 indicates a neutral trend, while both the 7-day and 14-day price changes show negative performance, down 1.94% and 17.32% respectively, pointing to underlying bearish sentiment.

Despite the current uptick, the longer-term trend remains concerning as the 30-day price change shows a decline of approximately 19.07%. The all-time high of $0.068447, reached in December 2024, remains a significant resistance level that PENGU would need to overcome to establish a bullish trend.

Considering the current technical indicators and recent performance, PENGU faces challenges in maintaining its upward momentum due to negative longer-term trends. Therefore, the recommendation is to Hold at this stage, monitoring for a potential stabilization or reversal in the coming weeks before making any aggressive trading decisions.