$PENGU is trading near a critical support level, presenting a bearish setup if the support at $0.035487 is broken. In this scenario, the price could decline toward TP1 at $0.034839 and potentially TP2 at $0.034404.
However, if the support holds and the price fails to break below, a rebound toward the resistance at $0.036921 is likely.
Monitor volume and price action closely at these levels to confirm momentum before taking positions.