Pudgy Penguins (PENGU) is currently priced at $0.00986066, reflecting a slight decline of 0.25% over the last 24 hours. The daily trading range has been narrow, with a high of $0.01004561 and a low of $0.00983015, indicating limited volatility in the current market conditions.

The trading volume of 62,952,336 suggests moderate market activity, with a volume-to-market cap ratio of 10.17%. Short-term moving averages show a bearish trend, with the 8, 13, and 21 SMA all positioned around $0.0100, declining by approximately 1% to 1.1%, while the 144 SMA reflects a more pronounced downturn at 2.14%.

The 1-hour Relative Strength Index (RSI) sits at 36, indicating a potentially oversold condition, while the 7-day RSI of 43 suggests weak momentum. The 7-day and 14-day price changes are both negative, at approximately -17.35% and -17.95%, respectively, highlighting ongoing bearish sentiment.

In contrast, the 30-day price change shows a positive trend of about 7.64%, indicating that PENGU had a stronger performance in the longer term despite recent declines. The all-time high of $0.068447 from December 2024 remains a significant target, but the current price is far from this peak, suggesting a strong resistance level above.

Given the current technical indicators, including declining short-term moving averages and bearish momentum reflected in RSI readings, the outlook for Pudgy Penguins is cautious. However, the relatively stable trading volume and the potential for a bounce back due to the oversold condition could support some upward movement.

In summary, the current market conditions and technical analysis suggest a Hold rating for Pudgy Penguins (PENGU). While there are bearish signals, the possibility of a short-term recovery exists, warranting a wait-and-see approach before making any further investment decisions.