Third on the trending list, and the hardest-falling Meme coin—this buzz around PENGU looks like an exit opportunity to me. The money flow is bearish.
The pecking order in the group is crystal clear: PEPE, BONK, DOGE, and SHIB have only taken a few scratches, while PENGU has fallen the furthest.
It hadn’t built up much of a base over the past 60 days anyway. Now the price is sliding below the 7-day moving average, and this trending buzz is just giving the big players a perfect chance to dump on buyers.
My rules: if the daily low of 0.008396 breaks, I’m looking at 0.008118 next. Those two levels are close together, so once it breaks, it could slide all the way down. If it bounces to 0.009119 without volume, the selling will continue.
Are you jumping on the hype around the trending Meme coins, or becoming exit liquidity? Comment 1 if you’re just here for the show, or 2$PENGU $DOGE $PEPE #Meme if you’re catching the falling knife. #MarketAnalysis
The pecking order in the group is crystal clear: PEPE, BONK, DOGE, and SHIB have only taken a few scratches, while PENGU has fallen the furthest.
It hadn’t built up much of a base over the past 60 days anyway. Now the price is sliding below the 7-day moving average, and this trending buzz is just giving the big players a perfect chance to dump on buyers.
My rules: if the daily low of 0.008396 breaks, I’m looking at 0.008118 next. Those two levels are close together, so once it breaks, it could slide all the way down. If it bounces to 0.009119 without volume, the selling will continue.
Are you jumping on the hype around the trending Meme coins, or becoming exit liquidity? Comment 1 if you’re just here for the show, or 2$PENGU $DOGE $PEPE #Meme if you’re catching the falling knife. #MarketAnalysis