Pengu Crashes Into Oversold Zone — Can the Bulls Save It From a 40% Drop?

The daily chart for PENGU paints a picture of mounting bearish momentum as sellers tighten their grip on the market. After a period of consolidation above the $0.018 level, the price has slid toward $0.015, breaking below short-term moving averages and threatening to test deeper support levels. PENGU Momentum Shifts in Favor of Bears The 9-day and 20-day exponential moving averages (EMAs) are both sloping downward, signaling that bearish momentum is strengthening. With the 9 EMA now sitting well below the 20 EMA, this alignment reinforces short-term downside pressure. The market structure has shifted into a clear corrective phase after...