Overview

• An insider-linked address moved $5.6 million worth of PENGU tokens to exchanges on July 30, contributing to a 17% weekly price slide and over $17.7 million transferred since early July.
• Price is holding near its crucial $0.036 support zone after retracing from a 500% rally that peaked at $0.0466 on July 27.
• Bullish setups, including a TD Sequential buy signal, RSI divergence and trendline support, hinge on a break above $0.0384 to target $0.040–$0.045.
• Bearish momentum readings, such as a MACD crossover below its signal line and recent bearish RSI divergence, warn of potential exhaustion of the rally.
• On-chain metrics remain robust with 563,000 holders, 20,000 daily active addresses and 24-hour trading volume surpassing $900 million.