Pudgy Penguins (PENGU) is currently trading at $0.00930118, reflecting an 8.14% decline over the last 24 hours. The price action has remained within a tight daily range of $0.0013083, indicating low volatility despite significant trading volume of 181,021,761, which is approximately 30.86% of the market cap.

The hourly moving averages reveal a bearish trend, with the 8 SMA at $0.0096 showing a decline of 2.91%, and longer-term SMAs indicating even greater downward pressure, particularly the 144 SMA at $0.0106, down 12.10%. The RSI readings are concerning; the 1-hour RSI at 30 indicates oversold conditions, while the 7-day RSI at 41 suggests ongoing weakness in momentum.

Over the past week, PENGU has experienced a price drop of 19.19%, and the longer-term trends are similarly negative, with 14-day and 30-day price changes of -23.02% and -22.39%, respectively. These consistent declines signal a lack of buying interest and suggest that sellers are currently in control of the market.

Given the current price levels are significantly below the all-time high of $0.068447 reached in December 2024, there is substantial room for recovery. However, the current technical indicators, including bearish moving averages and low RSI values, suggest that the market sentiment is bearish, and a reversal may not be imminent.

In conclusion, the analysis points to a clear Sell rating for Pudgy Penguins (PENGU) at this time. With persistent downward pressure in both price and momentum, it is advisable to exit positions until clearer bullish signals emerge.