Pudgy Penguins (PENGU) is currently trading at $0.01085432, reflecting a 24-hour decline of 1.63%. The price has oscillated between a high of $0.01144611 and a low of $0.01083715 over the past day, indicating limited volatility in the daily range of 0.00060896.

Volume stands at 128,942,088, with a Vol/Market Cap ratio of 18.79%, suggesting moderate trading activity relative to its market capitalization. The hourly moving averages are all bearish, with the 8 SMA at $0.0111 (down 2.32%) and the 13 SMA at $0.0112 (down 3.05%), reinforcing a short-term negative sentiment.

The 1-hour RSI is at 34, indicating that PENGU is approaching oversold territory, while the 7-day RSI at 45 suggests that the asset lacks momentum for a bullish reversal in the near term. Price changes over various periods highlight persistent downward trends: -9.62% over the last week, -29.52% over the past 14 days, and a significant -50.54% over the last 30 days.

The current price remains far below its all-time high of $0.068447, achieved in December 2024, showing a significant retracement that could attract buyers looking for potential long-term gains. However, technical indicators and recent performance suggest ongoing bearish momentum, which may deter immediate investment.

Given the current technical indicators and the negative price action, the recommendation for Pudgy Penguins (PENGU) is to Hold. While the asset is approaching oversold conditions, the lack of bullish signals and significant recent losses suggest that a clear reversal is not yet confirmed.