#PENGUUSDT is forming a Bearish Double Top on the 4-hour chart — a classic reversal pattern hinting at a potential drop after rejecting key resistance.

🔎 Pattern Breakdown:

Double top formed near $0.0400–$0.0410, with strong rejections signaling fading bullish momentum. Current price at ~$0.0356 (as of 10:06 PM +07, June 4, 2025), testing the neckline at $0.0350 with declining volume. RSI at 46, trending toward oversold with bearish divergence, suggesting further downside pressure.

😵‍💫 What’s Next?
🔸 If bears break below $0.0350, we could slide to:

$0.0296 (first support) $0.0220 (major demand zone)

🔸 If bulls reclaim $0.0410, the bearish pattern fails, potentially targeting $0.0450.

📊 TL;DR: #PENGUUSDT.P is poised for a bearish move — crack $0.0350 and bears take control, or break $0.0410 and bulls fight back. Stay sharp, traders!

Disclaimer: Not financial advice. Crypto markets are highly volatile. DYOR and trade with caution.