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Pudgy Penguins (PENGU) Tests Key Support Amid Market Volatility
Pudgy Penguins (PENGU) Tests Key Support Amid Market Volatility
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BTCCSquare news:
Pudgy Penguins (PENGU) has drawn trader attention as technical indicators hint at a potential rebound. The TD Sequential flashed a buy signal while $4.1 million flowed out of exchanges, easing sell pressure. Open Interest fell 8% to $282 million, shifting focus to the $0.028 support level.
A cup-and-handle pattern suggests bullish potential if support holds. PENGU currently trades NEAR $0.030, with $0.0404 as the next resistance target. Market sentiment remains cautiously optimistic, though volatility persists.
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