$PENGU USDT – BEARISH PRESSURE BUILDING! DOUBLE-TOP REJECTION NEAR $0.0164

STRONG REJECTION FROM RESISTANCE ZONE

MACD LOSING MOMENTUM, POTENTIAL REVERSAL AHEAD

$PENGU failed to break above the $0.0164 resistance twice, forming a potential double-top pattern on the 1H chart. The recent red candles and fading volume suggest buyer exhaustion. MACD is flattening, indicating weakening bullish momentum.

Short Trade Setup

Entry: $0.01580

Target 1: $0.01550

Target 2: $0.01520

Stop Loss: $0.01610

If price breaks below $0.01550, it may accelerate toward lower support zones.

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