🔴 $PENGU – Continuous Pressure, Bears in Control
PENGU’s long liquidations at $0.00993 show that buyers tried to defend but failed. This usually indicates weak bullish conviction and potential continuation to the downside.
Support is sitting near $0.0092–0.0090. If this breaks, the next key level is around $0.0085. Resistance is stacked near $0.0105–0.0110, where sellers are likely waiting.
Unless strong buying volume returns, PENGU may continue grinding lower. A reclaim of $0.0105 could flip sentiment, but until then, rallies may get sold.
🎯 Target: $0.0085 (bearish) / $0.0110 (reversal)
🛑 Stoploss: $0.0089
⚡ Next Move: Bearish continuation
PENGU
0.010102
+4.41%