The price of Pudgy Penguins (PENGU) has experienced a significant decline, dropping by 8% in the past day. The token now trades at $0.01393, with trading volume plummeting by 51.74% to $265.69 million. Market capitalization has also fallen, decreasing by 5.59% from $876.02 million to $1.23 billion. The decline is attributed to a drop in investor engagement, as indicated by the volume-to-market cap ratio of 30.43%. 88.88 billion tokens in circulation remain from a total supply. Will this popular meme coin bounce back? 8% of PENGU’s value has been lost over the past day. Short-term sentiment is cautious but a slight upward trend may be observed, with support at $0.01328. Resistance sits near $0.01432 and any movement above could push prices towards the $0.0155 region.