$PENGU /USDT – Downtrend Signal for Spot and Futures

Current Price: $0.02971

Price is struggling to hold recent highs and showing signs of weakness. After touching $0.03263, the price is now moving lower. Volume is decreasing and buyers are losing strength.

Key Price Levels:

Immediate Resistance: $0.03100

Immediate Support: $0.02800

Trade Setup – SHORT:

Entry Zone: $0.02950 – $0.02970

Stop Loss: Above $0.03100

Target 1: $0.02800

Target 2: $0.02700

Target 3: $0.02550

Summary:

$PENGU is turning weak and could fall further if it stays below $0.03100. Short traders can watch for rejection signs to ride the next drop. Use strict stop loss to manage risk.