$PENGU faced a -5.5% drop, pulling back to the $0.031 support zone after testing resistance near $0.035. Bulls need to defend the critical $0.030 level to hold the downside.

A rebound from here could push prices back toward $0.033 – $0.0345. Traders may consider a cautious long entry above $0.0315 targeting those levels, while keeping a tight stop loss near $0.0295. A breakdown below $0.030 risks a further slide to $0.028.

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