Pudgy Penguins (PENGU) is currently priced at $0.01180997, experiencing a 24-hour decline of 3.25%. The price has fluctuated within a daily range of $0.01173176 to $0.01254498, indicating ongoing volatility in the market.

Volume has reached 197,372,465, which corresponds to a volume-to-market cap ratio of 26.68%, suggesting robust trading activity relative to its market capitalization. The hourly moving averages indicate a bearish trend, with all relevant SMAs showing negative percentages, particularly the 144 SMA at -2.57%, reflecting short-term weakness.

The 1-hour Relative Strength Index (RSI) stands at 45, suggesting the asset is approaching oversold conditions, while the 7-day RSI at 46 confirms this lack of momentum. The price has decreased by 10.16% over the last week, although it has gained 33.06% over the past 14 days, indicating recent volatility in price direction.

Despite the recent positive performance over two weeks, the current price action and moving averages indicate bearish sentiment in the short term. Given the recent price decline, alongside the RSI levels suggesting a lack of upward momentum, the outlook remains cautious.

Considering the technical indicators and recent price action, a Hold rating is advised at this time. This position allows for potential short-term recovery while monitoring for clearer bullish signals in the upcoming sessions.