Pudgy Penguins (PENGU) is currently priced at $0.01002873, experiencing a slight decrease of 1.88% over the past 24 hours. The asset's daily range has been narrow, between a low of $0.01000947 and a high of $0.01051171, indicating limited volatility in recent trading sessions.

The volume stands at approximately 113.97 million, representing 18.08% of the market cap, suggesting a reasonably active trading environment relative to its overall market size. However, the moving averages indicate bearish momentum, with the 8 SMA at $0.0103 down 2.95% and the 55 SMA at $0.0109 down 8.17%, reinforcing the current downtrend.

The 1-hour RSI is at 40, suggesting that the asset is nearing oversold conditions, while the 7-day RSI at 36 confirms continued weakness in momentum. Over the past week, PENGU has declined by approximately 15.90%, reflecting ongoing bearish sentiment in the short term, with a more extended 14-day decline of 22.29%.

Despite a positive 30-day price change of 9.08%, the recent downtrends and negative RSI readings indicate potential downward pressure in the near term. The all-time high of $0.068447 from December 2024 is significantly distant, emphasizing the need for cautious evaluation before entering new positions.

Given the current technical indicators and bearish momentum across various time frames, the recommendation for Pudgy Penguins (PENGU) is to hold. Investors should monitor for signs of reversal or stabilization before considering any new buy positions, as the immediate outlook does not favor upward movement.