PENGU is experiencing a steep decline in value as the crypto market witnesses selling pressure. The token teeters on the brink of its $0.017 support zone, which has caught the attention of traders who anticipate potential buying opportunities. Analysts like Scott are cautiously observing this area, holding onto their long-term positions. 24 hours of trading have seen PENGU drop by -10.7%, with losses over the week nearing -9.4%. As of now, it’s trading at $0.0186, just above the crucial support level of $0.017, a point where historical and past accumulation patterns suggest buying interest. This zone aligns with chart-based confluence zones previously seen as slowing downward pressure from larger market forces, signifying strategic interest from experienced investors.