Ana
07/27 06:30
Can PENGU avoid an 18% pullback ? – Watch out for THESE 2 signs
PENGU’s 16% rally is sparking sell-off concerns amid rising bearish signals.
Key Takeaways
PENGU rallied 16% and neared $0.0436 resistance, but rising Exchange Inflows, a bearish Long/Short Ratio, and increased short exposure raise correction risks as traders anticipate a potential rejection from this level.
Amid the ongoing market recovery, Pudgy Penguins [PENGU], a Solana [SOL]-based memecoin, posted a 16% rally that pushed it to $0.0426, at press time, just shy of a key resistance level.
But on-chain data now signals possible turbulence ahead.
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