The cryptocurrency price of Pudgy Penguins (PENGU) is currently hovering near a critical support level at $0.012. This mark may hold the key for a potential rebound towards $0.023 if PENGU can overcome resistance at $0.0153-$0.0156. Analysts suggest this price movement hinges on whether the support holds or breaks. A breakdown below $0.012 could potentially push prices down towards the $0.005 to $0.006 range, highlighting a potential downside for PENGU. However, if the $0.012 support holds, there’s a possibility for recovery and price increase. A rise above the resistance level at $0.0153-$0.0156 could indicate an overall market rally for PENGU to reach prices around $0.023. This area has previously acted as a barrier for price attempts, making it a significant point for any potential reversal in market sentiment.