đ§ 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 $0.0088â$0.0089.
đ Technical Picture:đ
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.
đ° Signs of Absorption:
Retail inflows have started appearing around the lower levels, helping slow the decline and creating temporary support near $0.0088.
â ïž Key Levels & Risks:đđđ
The $0.0092â$0.0095 area now acts as an important resistance zone. Continued NFT ecosystem weakness and upcoming token supply releases could add further pressure.
đ 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_JobsđŻ #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 $0.0088â$0.0089.
đ Technical Picture:đ
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.
đ° Signs of Absorption:
Retail inflows have started appearing around the lower levels, helping slow the decline and creating temporary support near $0.0088.
â ïž Key Levels & Risks:đđđ
The $0.0092â$0.0095 area now acts as an important resistance zone. Continued NFT ecosystem weakness and upcoming token supply releases could add further pressure.
đ 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_JobsđŻ #BinanceSquareBTC #altcoins
$PENGU
#
