Is PENGU done?

Signs the rally may have topped out.

$PENGU has delivered an almost 500% rally since late June, but technicals now hint at a potential shift in momentum, suggesting the uptrend may be losing steam.

PENGU surged from $0.007737 on June 22 to $0.046608 on July 27 — a 500%+ gain in just over a month.

Price has now pulled back to a previous low instead of forming a higher low — breaking the bullish pattern.

RSI formed a slightly lower high despite price reaching new highs, signaling weakening momentum.

PENGU now sits just above its trendline and 20-day EMA; a breakdown could trigger deeper correction.#crypto $PENGU

PENGU

0.034102

-14.97%