Pudgy Penguins (PENGU) is currently trading at $0.02088819, reflecting a significant decline of 10.99% over the last 24 hours. The daily price range has been relatively narrow, with a low of $0.02007127 and a high of $0.02354235, indicating a volatile trading environment.

The trading volume stands at 336,678,331, contributing to a market cap ratio of 25.56%, which suggests a high level of trading activity relative to its market capitalization. Short-term moving averages are all showing negative momentum, with the 8 SMA at $0.0211 down by 1.13%, and the 55 SMA showing a decline of 9.30%, indicating bearish sentiment across various time frames.

The 1-hour RSI is at 35, signaling that the asset is nearing oversold conditions, which could lead to a short-term rebound. However, the 7-day RSI at 47 and the consistent downward pressure reflected in the 7-day, 14-day, and 30-day price changes—down 33.54%, 32.14%, and 37.38% respectively—indicate a broader bearish trend.

PENGU is currently trading significantly below its all-time high of $0.068447, recorded on December 17, 2024, which reflects a potential downside risk if the current trend continues. The lack of strong buying signals and the negative momentum across moving averages further supports the bearish outlook.

Considering the technical indicators, short-term volatility, and negative price trends, a Sell rating is advised. This recommendation is based on the ongoing bearish momentum and lack of recovery signals that suggest further price declines may be imminent.