Pudgy Penguins (PENGU) is currently priced at $0.01209336, reflecting a slight decrease of 0.06519% over the past 24 hours. The price has fluctuated between a high of $0.01259523 and a low of $0.0118542 in the same period, indicating low volatility with a daily range of 0.00074103%.

Trading volume stands at 121,431,873, corresponding to a volume-to-market cap ratio of 15.95%, suggesting that market activity is relatively robust compared to its market capitalization. The hourly moving averages show a bearish trend, with the 8 SMA at $0.0121, the 13 SMA at $0.0122, and the longer-term SMAs indicating deeper declines, particularly the 144 SMA at $0.0128, down 5.75%.

Both the 1-hour and 7-day Relative Strength Indices (RSI) are below the neutral level of 50, currently at 44 and 43 respectively, indicating a lack of buying momentum in the short term. The 7-day price change of -21.48%, the 14-day change of -19.39%, and the significant 30-day decline of -46.74% underscore a consistent downward trend in value over multiple time frames.

The all-time high for PENGU was $0.068447 on December 17, 2024, suggesting there is substantial room for recovery if market conditions improve. However, the current technical indicators, including the persistent downward movement in price and negative RSI values, signal that the asset is in a bearish phase.

Given the current technical analysis and market data, the recommendation for Pudgy Penguins (PENGU) is to Hold. The potential for a reversal exists if buying pressure increases, but existing downward momentum and historical declines warrant caution before initiating new positions.