$PENGU – WEAK BOUNCE OR DEAD CAT? BEARS STILL DOMINATE

DOWNWARD PRESSURE • LOWERS LOWS FORMING

$PENGU has been in a clear downtrend after failing to hold above $0.0368, consistently forming lower highs and lower lows. The recent dip to $0.0331 was followed by a slight bounce, but price is now stalling below $0.0338 resistance. Volume on the bounce is fading, showing weak buyer confidence. If price gets rejected below $0.0338 again, we could see a fresh breakdown toward $0.0328 and lower.

Short Entry: $0.0338

Targets: $0.0330 / $0.0325

Stop Loss: $0.0346

Sellers remain in control — bearish structure continues unless bulls break above the key resistance zone.

#PENGU #BearishSignal #BinanceFutures #NFTTokens #Write2Earn!