# sell pressure Related Articles

PENGU whales scoop $2.5mln at lows – Traders, watch THESE 2 zones

Pudgy Penguins (PENGU) has faced sustained selling pressure, trading near $0.0092 and remaining below key EMA levels. However, whale activity increased as a large holder withdrew over 272 million PENGU (worth ~$2.52 million) from Binance, accumulating a total of $2.55 million in two weeks. Despite this strategic buying, sell volume remains dominant at 681.35 million, indicating strong downward trend. If whale accumulation fails to push the price above the $0.0104 resistance (EMA20), PENGU could drop further to $0.0084. A successful breakout could lead to an upswing towards $0.013. The next price direction hinges on whether demand can overcome persistent selling pressure.

ambcrypto12/21 10:02