$PENGU has experienced a minor decline of 1.15% in the past 24 hours.
The price fluctuated between 0.012016 and 0.013247, confirming a volatile environment.
Bollinger Bands indicate a tightening range, with the upper band at 0.013137 and the lower at 0.011892.
With strong support at 0.012016 and resistance at 0.013152, traders face a clear tactical decision.
The overall market trend remains bearish, influenced by macroeconomic uncertainties.
Bitcoin's influence is currently undefined, suggesting PENGU is operating independently.
Given the volatility, a short-term approach is advisable, with close monitoring of market developments.
Additionally, traders should consider potential regulatory news that could impact sentiment.
Key takeaway: PENGU's future movements will likely hinge on broader market signals rather than Bitcoin's direct influence.
