PENGU Price Prediction: Bullish or Bearish – A Breakdown of Market Sentiment

The price of PENGU cryptocurrency hovers near its previous support level of $0.013, leaving the market in a precarious position. While the rebound door remains open, uncertainty surrounds the asset’s future trajectory. The crypto market continues to struggle with negativity, reflected by the Fear and Greed Index reaching 16 and leading major tokens to their former support zones. This is especially true for PENGU, which shows signs of bearish pressure.