PENGU’s RSI Approaches Resistance as Market Tightens

PENGU’s daily RSI shows signs of a potential shift in momentum as it approaches a long-standing resistance trendline. This recent structure echoes a pattern observed earlier this year, leading to a significant rally. Analyzing the token’s trading behavior reveals fragmented trader sentiment: while retail traders lean towards short positions, larger players are increasingly showing long exposure, signifying potential market direction changes. 47% increase in trading volume indicates renewed activity, with PENGU navigating near critical support zones and facing increased pressure on both sides.