Pudgy Penguins (PENGU) Eyes $0.046 as Wallet Accumulation Fuels Momentum

• PENGU saw a $336,000 wallet purchase completed in two rapid transactions, averaging over $10,000 per minute
• RSI at 37.37 suggests oversold conditions, while the MACD confirms a bearish crossover.
• Bollinger Bands show a squeeze formation, with it nearing support at $0.02790 and resistance at $0.046.

Pudgy Penguins (PENGU) faces downward pressure, reflecting broader market weakness and signaling a potential drop in investor confidence in the crypto space. The the coin price over the last 24 hours is up by 8.04%, and over the last week it is also up by 8.04%.

At the time of writing, PENGU is trading at $0.02853 with a 24-hour trading volume of $214.1 million, up by 48.53% over the last 24 hours. The coin has a market capitalization of $1.79 billion, which is also up by 8.03%.