Pudgy Penguins (PENGU) is currently trading at $0.00987758, reflecting a 24-hour decline of 2.78%. The price has ranged from a low of $0.00973636 to a high of $0.01021543 in the same timeframe, indicating a daily volatility of approximately 0.48%.

Trading volume stands at 97,481,406, contributing to a volume-to-market cap ratio of 15.69%, suggesting moderate liquidity. The hourly moving averages indicate a bearish trend, with the 8 SMA at $0.0099 (-0.42%) and the 144 SMA at $0.0105 (-6.34%), highlighting a consistent downward pressure on prices over different time frames.

The 1-hour RSI is at 47, indicating neutral momentum, while the 7-day RSI at 40 suggests the asset is approaching oversold territory. Over the past week and two weeks, PENGU has experienced significant declines of approximately 18.53% and 16.33%, respectively, reflecting a longer-term bearish trend.

In contrast, the asset shows a positive price change of 14.39% over the last 30 days, indicating some recovery potential in the medium term. However, the current price remains significantly below its all-time high of $0.068447, achieved on December 17, 2024, suggesting considerable distance to recover previous highs.

Given the current technical indicators and price action, the outlook remains cautious. The persistent bearish trends in short-term moving averages, combined with low RSI values, indicate a lack of upward momentum in the immediate term.

Based on this analysis, the recommendation for Pudgy Penguins (PENGU) is to Hold. This is due to the potential for a reversal in the medium term, while the short-term indicators show weakness and risk of further declines.