🐧 $PENGU Faces Sharp Pullback

After a 54% monthly rally, #PudgyPenguins dropped 11% in 24 hours, hit by profit-taking and bearish technicals, despite broader bullish momentum.

Why it Matters
• Whale exits accelerating – Insider-linked wallets have moved $66M to exchanges since mid-July. Historically, similar flows preceded 15–20% drawdowns.
• Technical fatigue – Rejection at $0.041 (78.6% Fib) + MACD bearish cross + RSI drift lower signal momentum cooling.
• Rotation pressure – Traders shifting to BTC during market pullback leaves less liquidity for alts.

The pullback may just be the market catching its breath.
Holding above $0.033 keeps the uptrend intact; lose it, and sentiment could quickly swing from “Greed” to caution.