Pudgy Penguins (PENGU) is currently trading at $0.01236982, reflecting a 1.63% increase over the past 24 hours. The daily price range has been tight, with a high of $0.01249505 and a low of $0.01118497, indicating moderate volatility in the short term.

The volume of 156,961,042 PENGU traded represents a significant 20.17% of its market cap, suggesting active trading interest. However, the hourly moving averages show mixed signals, with the 8 SMA and 13 SMA indicating upward momentum while the 144 SMA is trending downwards, highlighting potential resistance around $0.0126.

The 1-hour RSI is at 67, indicating that PENGU is nearing overbought territory, which could suggest a short-term pullback. In contrast, the 7-day RSI at 47 indicates that the asset is neither overbought nor oversold, providing a more neutral outlook for the medium term.

PENGU has experienced significant price declines over longer periods, with a 7-day change of -16.10%, a 14-day change of -17.63%, and a 30-day change of -42.50%. These declines suggest a bearish trend that traders should be wary of, as the asset remains well below its all-time high of $0.068447 reached in December 2024.

Given the current price action, mixed technical indicators, and significant downward pressure over the past month, a cautious approach is warranted. Therefore, the recommendation for Pudgy Penguins (PENGU) is to Hold, as the market shows potential for a short-term upward movement while underlying bearish trends in the longer term suggest that substantial risk remains.