PENGU’s Rally Hit a Roadblock: Can Bulls Hold Their Ground?

PENGU, the meme coin inspired by the popular Pudgy Penguins NFT collection, has experienced a 37% surge, breaking out of its previous downtrend. However, this impressive rise is now facing a significant challenge at a crucial resistance level. 📈 📈 📉 📉 The token’s momentum seems to be cooling down as trading volume lags behind price movement, leading to signs of potential waning bullishness. 🧐 While the rally ignited excitement among traders and boosted confidence in the NFT coin space, PENGU now sits near a key resistance zone at around $0.00851. 💰 📈 📉. The question on everyone’s mind: will PENGU climb higher or will this upward movement run out of steam?