Pudgy Penguins (PENGU) is currently priced at $0.00983869, reflecting a 24-hour decline of 5.74%. The daily trading range has been tight, with a high of $0.01051171 and a low of $0.00979538, indicating a lack of volatility and potential bearish sentiment in the market.

Volume stands at 141,186,980, with a volume-to-market cap ratio of 22.80%, suggesting a significant trading interest relative to its market capitalization. However, the consistently declining hourly moving averages—ranging from -2.48% at the 8 SMA to -15.70% at the 144 SMA—indicate a sustained downward trend.

The 1-hour RSI is at a critical level of 19, signaling strong oversold conditions, while the 7-day RSI at 34 further confirms weakness in momentum. Over the past week, the price has decreased by approximately 20.77%, and over the last 14 days, it has dropped by around 24.12%, highlighting ongoing selling pressure.

In contrast, the 30-day price change shows a positive movement of 10.24%, suggesting a potential recovery phase earlier in the month that may not be sustained given current trends. The all-time high of $0.068447 achieved in December 2024 remains significantly above the current price, indicating that there is substantial room for recovery but also a stark reality of the current downtrend.

Considering the technical indicators, market sentiment, and volume analysis, the recommendation is to Hold PENGU at this time. The oversold conditions may present a potential reversal opportunity, but the sustained bearish trend and lack of upward momentum suggest waiting for clearer signs of recovery before making a buying decision.