$PENGU

Bulls Slammed!

A long liquidation of $2.5692K occurred at $0.0367, as the market reversed and left bullish traders trapped in a downtrend.

What’s Happening?

PENGU’s price took a sharp dive, triggering a liquidation cascade and signaling a shift in market sentiment. The long positions are getting wiped out as bears take control, suggesting further downside potential.

Critical Levels to Watch:

Resistance: $0.037 – The price needs to break above this to regain bullish momentum.

Support: $0.035 – If this level holds, we might see a potential bounce.

📊 Volume Spike: The liquidation wave indicates rising volatility and potential for further price movement.

🎯 Potential Downside: A break below $0.035 could lead to further losses, targeting $0.033.

⚠️ Bearish Risk: If PENGU fails to reclaim $0.037, the downtrend might persist.

#pengu #DEXVolumeRecord #BTCXmasOrDip?

Market on edge – tread carefully with PENGU!