$PENGU – WEAK STRUCTURE FORMING BELOW RESISTANCE! SELL SIGNAL LOADING?

$PENGU is struggling to break above the 24H high at $0.034742, showing repeated rejections and lower highs on the 1H chart. Despite the +3.49% gain, the price action reveals a tightening range with fading bullish momentum — signaling potential for a breakdown.

If $0.0338 gives way, a drop toward $0.0332 and $0.0326 becomes likely. With volume cooling off and candles turning indecisive, bears are starting to regain control.

📉 Bearish Signal: – Key Rejection: $0.03474

– Breakdown Trigger: Below $0.03380

– Downside Targets: $0.03320 → $0.03260

– Invalidated if: Price breaks and holds above $0.03480

PENGU’s rally may be cooling — risk of reversal rising.

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