$PENGU Title: Pengu Slips Into Bearish M Pattern 🧊 | Is the Ice Melting Fast? 🐧📉
Pengu might look cute — but the charts are anything but friendly right now 🥶🔻. A classic M pattern (double top) has just formed on the 4H chart, and traders are bracing for a cold drop as momentum fades ❄️📊.
🧠 Technically, this M formation is dangerous. Price was rejected twice at the same resistance zone 💥🧱, forming the dreaded lower high on the second peak. RSI is sloping downward, and MACD is flipping bearish, showing momentum shifting back to the bears 🐻⚠️.
📉 Volume is shrinking on the bounces and spiking on red candles — textbook distribution behavior. Meanwhile, exchange balances are climbing 📈🏦, and smart money is quietly exiting into strength. We've seen this story before with Turbo, Floki, and even the infamous Jeetcoin rug 👀📦.
🐋 On-chain whispers show mid-size whales reducing positions — moving Pengu into hot wallets and market-making addresses, possibly prepping for exit dumps 🔄💣. The wallet growth rate is also stalling, showing declining network interest 📉📱.
💬 Over on X and Telegram, sentiment is flipping cautious. Mentions of Pengu are fading, and meme action has shifted toward hotter plays like Moontrap, Honkcoin, and Boink 🚫🐸. Even degen influencers are avoiding direct shills — never a good sign 😬📉.
🚪 Unless Pengu can reclaim its neckline and invalidate the M, we could be heading into iceberg territory fast. Targets below are lining up, and late apes may get trapped in the breakdown if support gives way ⚰️📊.
🐧 It’s still early — but this isn’t the time to ignore the signs. Protect your capital, use tight stops, and don’t fall for “cute coin bias”. Penguins are adorable… but they slip hard on thin ice 🧊🚫.
⚠️ Not financial advice — always DYOR 🧠📚
Pengu might look cute — but the charts are anything but friendly right now 🥶🔻. A classic M pattern (double top) has just formed on the 4H chart, and traders are bracing for a cold drop as momentum fades ❄️📊.
🧠 Technically, this M formation is dangerous. Price was rejected twice at the same resistance zone 💥🧱, forming the dreaded lower high on the second peak. RSI is sloping downward, and MACD is flipping bearish, showing momentum shifting back to the bears 🐻⚠️.
📉 Volume is shrinking on the bounces and spiking on red candles — textbook distribution behavior. Meanwhile, exchange balances are climbing 📈🏦, and smart money is quietly exiting into strength. We've seen this story before with Turbo, Floki, and even the infamous Jeetcoin rug 👀📦.
🐋 On-chain whispers show mid-size whales reducing positions — moving Pengu into hot wallets and market-making addresses, possibly prepping for exit dumps 🔄💣. The wallet growth rate is also stalling, showing declining network interest 📉📱.
💬 Over on X and Telegram, sentiment is flipping cautious. Mentions of Pengu are fading, and meme action has shifted toward hotter plays like Moontrap, Honkcoin, and Boink 🚫🐸. Even degen influencers are avoiding direct shills — never a good sign 😬📉.
🚪 Unless Pengu can reclaim its neckline and invalidate the M, we could be heading into iceberg territory fast. Targets below are lining up, and late apes may get trapped in the breakdown if support gives way ⚰️📊.
🐧 It’s still early — but this isn’t the time to ignore the signs. Protect your capital, use tight stops, and don’t fall for “cute coin bias”. Penguins are adorable… but they slip hard on thin ice 🧊🚫.
⚠️ Not financial advice — always DYOR 🧠📚
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
PENGU
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