Pudgy Penguins (PENGU) is currently trading at $0.0119748, reflecting a 24-hour decline of 2.16%. The price remains within a narrow daily range, with a high of $0.01254498 and a low of $0.0118374, indicating slight volatility.

The trading volume of 195,712,527 represents 26% of the market cap, suggesting robust activity despite the recent price drop. The hourly moving averages are trending negatively, with the 8, 13, and 21 SMAs showing declines of approximately 0.94% to 1.31%, which indicates short-term bearish sentiment.

In terms of momentum indicators, the 1-hour RSI is at 53, suggesting a neutral position, while the 7-day RSI at 48 indicates potential weakness as it approaches oversold territory. Over the past week, the asset has seen a price drop of 3.19%, but its 14-day and 30-day price changes of 29.02% and 8.64%, respectively, reflect a stronger medium-term recovery.

Despite the recent pullback, PENGU is significantly below its all-time high of $0.068447 reached in December 2024, which signals a potential for upward price correction if market sentiment improves. Current price action shows it is at a critical support level, and a rebound could be on the horizon if buying interest increases.

Given the mixed signals from technical indicators and the recent price performance, a cautious approach is advised. Thus, the rating for Pudgy Penguins (PENGU) is a Hold, as the asset could stabilize and potentially recover, but immediate short-term trends suggest continued volatility may hinder price recovery in the near term.