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$PENGU Pengu on thin ice 🧊🐧 | Head and shoulders bearish pattern detected — Imminent breakout? ⚠️📉

Trouble could be brewing for Pengu, the meme coin with icy charm 🐧❄️. A head and shoulders bearish pattern has formed on the chart — and that’s never a good sign for momentum 📊🪓. If the neckline breaks, the fall could be icy and swift ❄️📉.

🧠 The structure is classic: a strong left shoulder, an imposing head, and a weakened right shoulder — all signaling a change in buyer strength ⚖️🧊. The RSI is declining, and the MACD is crossing into bearish territory, hinting at momentum fading just beneath the surface 🔄💤.

📉 Meanwhile, selling pressure is increasing, and volume spikes show red dominance 🔺🔻. On-chain metrics are not helping either — exchange balances are rising 📈🏦, and whale wallets are quietly distributing 🐋📤. Not a good picture for the bulls.

💼 While Pengu flirts with danger, other meme giants like Bonk, Pepecoin, and Shib face similar patterns — the vibes of scam season are returning 👻🚨. Degen traders are switching to risk-reduction mode, and tokens like Exitliquidity, Dumpin, and Jeetfarm are trending again on Telegram 📱💣.

📢 Social sentiment is cooling off quickly. Influencers who once shouted “Pengu to the moon” 🌕🚀 are now silent, or worse — warning their followers to watch the neckline 👀📉. If this level breaks, it could trigger cascading liquidations 💥🧯.

⚠️ As always, market uncertainty is high, and setups like this require caution. Don’t dive in without a plan — manage risk like a pro, and remember: patience pays 🧘🧠.

If the pattern plays out, Pengu could make a sharp drop. Stay alert, watch the neckline, and don’t get caught swimming with the penguins when the ice cracks 🧊🐧💀.

⚠️ This is not financial advice — always do your own research 🧠📚