Pudgy Penguins (PENGU) has demonstrated significant bullish momentum, with a current price of $0.01194874, reflecting a 25.63% increase over the last 24 hours. The daily trading range shows volatility, as the price fluctuated between a low of $0.00951078 and a high of $0.01271919, indicating strong buying interest.

The volume of 286,472,468 suggests a healthy trading activity, with a volume-to-market cap ratio of 38.19%, highlighting robust investor engagement. Technical indicators show positive short-term momentum, as the 8-hour SMA is up 8.84% and the 13-hour SMA has increased by 13.82%, both indicating a bullish trend.

However, the 1-hour RSI at 82 indicates that PENGU may be overbought in the very short term, which could lead to a price correction. In contrast, the 7-day RSI at 51 suggests that the cryptocurrency is approaching neutral territory, and the 7-day price change of 5.77% supports a moderate recovery.

Longer-term trends show a concerning 14-day price change of -4.32% and a 30-day price change of -31.06%, signaling potential ongoing bearish pressure. The all-time high of $0.068447 serves as a significant resistance level, and the current price remains substantially lower, indicating a need for sustained upward momentum to challenge this level.

Given the short-term bullish signal combined with overbought conditions, it is advisable to adopt a cautious approach. The recommendation is to Hold, as PENGU may experience volatility but also has potential for further upside if buying interest continues.