Pudgy Penguins (PENGU) is currently priced at $0.01057541, reflecting a significant 24-hour decline of 8.25%. The daily range has been narrow at 0.00096422, indicating low volatility, with trading volume at 137,670,168 and a volume-to-market cap ratio of 20.64%, suggesting active trading but potential selling pressure.

Technical indicators show that the 8 SMA and 13 SMA are both hovering around $0.0107, indicating a short-term bearish trend with declines of 1.19% and 1.00%, respectively. The 21 SMA at $0.0109 and 55 SMA at $0.0115 further confirm the bearish sentiment, with declines of 2.78% and 7.68%, respectively, reinforcing resistance levels above the current price.

The 1-hour RSI is at 32, indicating that PENGU is nearing oversold conditions, while the 7-day RSI is at 48, suggesting a neutral momentum in the short term. The 7-day price change of -4.14% and a more significant 30-day drop of nearly 30% highlight ongoing downward pressure and market weakness.

Despite the recent price decrease, the 14-day price change shows a slight increase of 2.61%, hinting at potential short-term recovery. However, the substantial distance from the all-time high of $0.068447, reached in December 2024, signifies the long-term bearish trend that has persisted since then.

Considering the current technical indicators, bearish momentum, and resistance levels, a cautious approach is recommended. Thus, the rating for Pudgy Penguins (PENGU) is a Hold, as the potential for a short-term bounce exists, but significant barriers remain before a bullish reversal can be confirmed.