Pudgy Penguins Price Shows Resilience Despite Bearish Pressure

The price of Pudgy Penguins (PENGU) experienced an 8% surge in the past 24 hours, signaling strong buying interest despite existing bearish pressure. While this recent rally has lifted PENGU’s price to $0.012, it remains below its peak of $0.017 and continues to trade within a descending channel since mid-May. 8% intraday gains from CMC data highlight the presence of buyers at current support levels. Technical indicators suggest that the market might trend downwards as the price falls consistently, with momentum moving in a negative direction.