Pudgy Penguins (PENGU) is currently priced at $0.01102877, reflecting a 24-hour decline of 4.67%. The price has fluctuated between a high of $0.01161152 and a low of $0.01097829 over the past day, indicating low volatility with a daily range of just 0.00063323%.

The volume traded in the last 24 hours is approximately 103.25 million PENGU, which represents 14.89% of its market cap, suggesting active trading despite the recent price drop. Moving averages indicate bearish momentum, with the short-term 8 SMA at $0.0112 down 1.62% and the 13 SMA down 2.80%, while the longer 144 SMA shows a slight upward trend at $0.0109, increasing by 1.45%.

Momentum indicators indicate significant bearish pressure, with the 1-hour RSI at 24, which is below the oversold threshold of 30. In contrast, the 7-day RSI at 53 suggests a neutral stance, though the 7-day price change is negative at -2.05%, and the 14-day and 30-day price changes are substantially worse at -16.37% and -46.66%, respectively.

The all-time high for PENGU is $0.068447, reached on December 17, 2024, which highlights the significant potential for recovery if market conditions improve. Given the current bearish trend, negative price movements, and weak momentum indicators, the sentiment is heavily tilted towards selling pressure.

Based on the technical analysis and current market conditions, I recommend a Sell rating for Pudgy Penguins (PENGU). The combination of declining moving averages, low RSI values, and negative price changes over various time frames indicates a lack of buying interest and a high probability of further downside in the near term.