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Pudgy Penguins (PENGU) Price Prediction: Channel Breakdown Raises $0.021–$0.018 Risks
Pudgy Penguins (PENGU) Price Prediction: Channel Breakdown Raises $0.021–$0.018 Risks
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BTCCSquare news:
Pudgy Penguins (PENGU), a standout in this cycle's meme coin rally, faces mounting pressure as its price retreats to July levels. The token's breakdown from a descending channel signals persistent selling momentum, with analysts eyeing $0.021 and $0.018 as critical support zones.
Technical charts reveal repeated failures to establish higher highs before a decisive breach of the $0.026 floor. Market observers note meme coins can reverse sharply, but current structure suggests bears control the narrative. The $0.028 level now acts as resistance, with liquidity pools below likely to determine PENGU's next directional move.
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