Pudgy Penguins (PENGU) is currently trading at $0.01200798, experiencing a 24-hour decline of 1.91%. The daily price has fluctuated between a high of $0.01252957 and a low of $0.01152478, indicating a relatively tight daily range of 0.00100479.

The trading volume stands at 227,201,934, which corresponds to a volume-to-market cap ratio of 30.12%. This suggests a strong level of trading activity relative to its market capitalization, potentially indicating heightened investor interest or volatility.

Short-term moving averages are showing mixed signals: the 8 SMA is at $0.0119 with a gain of 1.33%, while the 55 SMA is lower at $0.0111 but has increased by 7.96%. Conversely, the 21 SMA at $0.0119 shows only a modest gain of 0.71%, indicating that while some momentum exists, it is not universally strong across all timeframes.

The 1-hour RSI is currently at 61, suggesting a moderately bullish sentiment in the short term, whereas the 7-day RSI at 53 points to a more neutral medium-term trend. The recent 7-day price change of approximately 3.58% indicates some recovery, while the 14-day and 30-day changes of -0.23% and -22.34% respectively indicate significant weakness over longer periods.

Given that PENGU is currently trading at a significant discount to its all-time high of $0.068447, there is potential for recovery if market sentiment improves. However, the current downward pressure and recent historical price trends suggest caution.

Overall, the mixed signals from moving averages, coupled with the recent performance metrics, lead to a rating of Hold for Pudgy Penguins. This stance allows for monitoring potential upward momentum while safeguarding against further declines in a bearish environment.