Pudgy Penguins (PENGU) is currently priced at $0.00987338, showing a decline of 3.83% over the last 24 hours. The daily trading range has been relatively tight, with a high of $0.01028935 and a low of $0.00973636, indicating limited volatility in the current market conditions.

Volume has reached 104,339,452, translating to a volume-to-market cap ratio of 16.83%, suggesting a moderate level of trading activity relative to its market capitalization. However, the 7-day and 14-day price changes of -18.44% and -17.49%, respectively, indicate bearish momentum, reinforcing a negative short-term trend.

The hourly moving averages reflect a downward trajectory, with the 8 SMA at $0.0099 showing a 0.39% decline and the 144 SMA at $0.0107 down 7.36%. The 1-hour RSI stands at 31, indicating oversold conditions, while the 7-day RSI at 39 suggests further downside potential before a possible reversal.

Despite a 30-day price change of 12.47% indicating some prior positive movement, the recent bearish trends overshadow this. The current price is significantly below its all-time high of $0.068447, reached on December 17, 2024, highlighting the extent of the current downtrend.

Given the technical indicators, including consistently declining moving averages and negative RSI signals, the outlook for Pudgy Penguins remains bearish in the short term. Therefore, the recommendation is to Sell, as the likelihood of further declines appears stronger than any potential for immediate recovery.