🐧 PENGU Market Update: Bears Take Control
$PENGU dropped nearly 9.9% in 24 hours, with heavy large-holder selling pushing the price from around $0.0097 to $0.0087 before finding some stability near $0.0088–$0.0089.
📉 Technical Picture:📊
PENGU has fallen below the 7, 25, and 99 EMAs, while MACD has turned negative. RSI also reached extremely oversold levels during the sharp sell-off.
💰 Signs of Absorption:
Retail inflows have started appearing around the lower levels, helping slow the decline and creating temporary support near $0.0088.
⚠️ Key Levels & Risks:😂😂😂
The $0.0092–$0.0095 area now acts as an important resistance zone. Continued NFT ecosystem weakness and upcoming token supply releases could add further pressure.
👀 Watch the reaction around $0.0088 support. A recovery above the nearby EMA resistance could improve momentum, while another breakdown may signal continued weakness.
#PENGU #PudgyPenguins #Crypto_Jobs🎯 #BinanceSquareBTC #altcoins
$PENGU
#
$PENGU dropped nearly 9.9% in 24 hours, with heavy large-holder selling pushing the price from around $0.0097 to $0.0087 before finding some stability near $0.0088–$0.0089.
📉 Technical Picture:📊
PENGU has fallen below the 7, 25, and 99 EMAs, while MACD has turned negative. RSI also reached extremely oversold levels during the sharp sell-off.
💰 Signs of Absorption:
Retail inflows have started appearing around the lower levels, helping slow the decline and creating temporary support near $0.0088.
⚠️ Key Levels & Risks:😂😂😂
The $0.0092–$0.0095 area now acts as an important resistance zone. Continued NFT ecosystem weakness and upcoming token supply releases could add further pressure.
👀 Watch the reaction around $0.0088 support. A recovery above the nearby EMA resistance could improve momentum, while another breakdown may signal continued weakness.
#PENGU #PudgyPenguins #Crypto_Jobs🎯 #BinanceSquareBTC #altcoins
$PENGU
#
