![Pudgy Penguins [PENGU]](/cdn-cgi/image/onerror=redirect,width=640,height=640,format=webp/https://storage.googleapis.com/uploads.mongoosehq.com/url/media/67507625/5bbf4557590eaaa114391ed3cdfbd9e25edd111ec1e66adf657312a4fc7cae6e)
Overview
- PENGU traded near $0.0135 after breaking below the prior $0.0162 support and earlier capitulation lows around $0.017.
- Stalkchain data showed more than $300,000 in net sales from smart‑money wallets over 24 hours, indicating profit‑taking alongside redistribution.
- Ali Martinez’s TD Sequential printed a buy signal as RSI fell below 25, a setup that has preceded short rebounds when confirmed.
- Derivatives data pointed to concentrated shorts around $0.01579, with aggregate shorts roughly $7.7 million versus $3.7 million in longs and Binance skewed short.
- Analysts say a constructive turn requires reclaiming roughly $0.0177–$0.0195, while losing the $0.012–$0.014 band would increase risk of further downside.