Pudgy Penguins (PENGU) is currently trading at $0.00909409, reflecting a notable 24-hour decrease of 7.63%. The daily range highlights a high of $0.00993098 and a low of $0.00902223, indicating volatility within a narrow band of approximately 1% over the last day.

The trading volume stands at 115,458,197, contributing to a volume-to-market cap ratio of 20.35%, which signals substantial trading activity relative to its market capitalization. The hourly moving averages show a consistent downtrend, with the 8 SMA at $0.0096 down 5.62%, and longer-term SMAs also indicating bearish momentum.

The 1-hour RSI is critically low at 16, suggesting the asset is significantly oversold in the short term. In contrast, the 7-day RSI at 44 indicates a lack of strong momentum in either direction, while the 14-day change of -24.86% further underscores the recent downward pressure.

Over the past week, PENGU has declined by approximately 19.58%, reinforcing the bearish sentiment evident in recent trading patterns. However, the asset has shown a slight positive change of about 0.91% over the last 30 days, indicating potential for short-term recovery amidst the broader bearish trend.

With the all-time high of $0.068447 recorded on December 17, 2024, PENGU has significant room for recovery, although current technical indicators suggest caution. Given the oversold conditions indicated by the RSI, potential buyers might consider accumulation at these low levels, but the bearish moving averages and price momentum warrant a conservative approach.

Overall, the current market indicators suggest a Sell rating due to the prevailing downtrend and lack of bullish signals. Investors should monitor for stabilization or bullish divergence before considering any position changes.