$PENGU /USDT, based on the latest data:

$PENGU/USDT BEARISH PRESSURE BUILDS NEAR SUPPORT AFTER FAILED BREAKOUT

Current Price: $0.015285 (-5.99%)

24h Range: High $0.016380 | Low $0.014991

Volume: 1.93B PENGU / 30.39M USDT

🔻 TECHNICAL OVERVIEW

$PENGU has shown signs of weakness after failing to sustain above the $0.016000–$0.016400 resistance zone. Price has retraced to test the $0.015000 support zone, which is now a critical level to watch. A break below could accelerate the downtrend.

🔍 KEY LEVELS

Resistance Zones:

🔹 $0.01640 – Intraday rejection point

🔹 $0.01700 – Short-term resistance

🔹 $0.01800 – Trend reversal confirmation zone

Support Zones:

🔸 $0.01500 – Current horizontal support

🔸 $0.01400 – Next major support

🔸 $0.01250 – Demand zone from previous base

📉 TRADE SETUP (SHORT IDEA):

Entry: $0.01520 – $0.01560 (after minor bounce)

Stop-Loss: $0.01650 (above recent rejection)

Targets:

TP1: $0.01400

TP2: $0.01300

TP3: $0.01250

🛡️ RISK MANAGEMENT

🔹 Only risk 1–2% of your capital

🔹 Wait for confirmation before entering

🔹 Avoid entry during high volatility NFT-related news

📉 PENGU/USDT remains weak under NFT sector pressure. A breakdown below $0.01500 could signal a fresh wave of selling. Stay alert!

#PENGU #NFTs #CryptoAnalysis #BearishTrend #PriceAction $PENGU