The $PENGU
/USDT chart shows a sharp decline, with the price down 7.07% at $0.033240. The 24-hour low of $0.032976 is just slightly above the current price, suggesting bearish momentum is still in play. The price is trading below all key EMA levels: the 7 EMA at $0.033441, 25 EMA at $0.034058, and 99 EMA at $0.034904, confirming a dominant downtrend. Immediate support lies at $0.032976, while resistance is at $0.034000-$0.034500. Traders should look for potential scalping opportunities by entering near the support level with strict stop-losses under $0.032800. Alternatively, if a rebound occurs, targets of $0.034500 could be tested. Careful risk management is essential, as further breakdowns may lead to continuation of the downtrend.
