🔥 PENGU: Bounce or Bull Trap?🐧
Price is hovering near $0.033 after a sharp drop from \$0.041, but don’t get fooled—this is still a downtrend. Lower highs keep stacking (**\$0.038 → \$0.0345 → \$0.0343**) and that screams weakness.
🟢 Buyers did step in around $0.031–\$0.0308, but if that floor cracks, eyes go to \$0.0285–\$0.0278 and worst case \$0.025.
⚡ Translation: Bulls are trying, but bears still run the show. The only thing that flips this script? A clean breakout above those lower highs.
👉 Until then—every bounce is suspicious.