$PENGU is currently exhibiting a bearish market structure with a price at 0.01102 USDT.
With a support level at 0.010917 USDT, a pullback entry strategy might be advisable if prices stabilize.
The resistance stands at 0.012253 USDT, presenting a potential breakout opportunity.
However, the low RSI of 36.28 indicates oversold conditions, so caution is advised.
Additionally, macroeconomic factors and Bitcoin's volatility could significantly influence PENGU's movement.
