$PENGU /USDT BEARS STILL ACTIVE — RECOVERY FACES TOUGH RESISTANCE

$PENGU is trading at $0.03414, down nearly 11% in the last 24 hours after hitting a low of $0.03197. While price has bounced above the 7-day MA, it’s struggling near the 25-day MA at $0.03464, which could act as strong resistance. Without a clear breakout above this zone, sellers may look to push the price back toward recent lows.

Trade Setup (Short):

Entry: $0.03410 – $0.03460

TP1: $0.03310

TP2: $0.03200

SL: $0.03500

Market Outlook:

Short-term momentum has improved with the bounce, but the broader trend remains bearish. A decisive close above $0.03470 could shift sentiment in favor of bulls, otherwise the downtrend is likely to resume.

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