- PENGU trades at $0.03197 after a 7.7% daily decline, holding above critical support at $0.03171.
- Resistance at $0.03585 still acts as the obstacle for up momentum, with higher levels achievable only above here.
- Market cap stands at $2 billion, and 24-hour volume increased by 76.26% to $603.8 million even as it fell.
PENGU continues to trade near its recent lows after recording a sharp drop over the last 24 hours. The token stands at $0.03197, having decreased 7.7% over the day. While this was a day of short-term weakness, the market has kept close attention on key levels that can dictate the next direction. Volume surged sharply to $603.8 million for the same period, an increase of 76.26%. This surge shows that there is high activity even when the token is under stress.
The $0.03171 support zone has so far prevented deeper losses. Price action has repeatedly tested this area without breaking lower. Maintaining this level continues to be critical as it has underpinned short-term structure during the corrective phase. On the upside, immediate resistance stands at $0.03585. The token must clear this barrier before shifting momentum toward higher ranges. Until then, PENGU remains caught between these boundaries, shaping cautious sentiment among participants.
PENGU Price Stalls Within Tight Range as Market Awaits Breakout
Notably, the 24-hour range shows restricted movement between $0.03171 and $0.03585. This corridor has defined the current trading environment. Within this setup, the price has shown limited ability to extend moves in either direction.
A failure to hold above support could invite further downside testing, while a break above resistance could provide new ground. These defined zones remain at the center of ongoing market tracking.
Market Cap Holds Steady as PENGU Tests Resistance Boundaries
Although PENGU trades lower on the day, its overall market capitalization holds near $2 billion. This stability comes even as sellers apply pressure. The fully diluted valuation stands at $2.83 billion, underscoring the scale of the asset despite short-term declines.
Technical projections suggest that a move above resistance may shift focus toward higher levels, with $0.10 noted as a potential next area. However, until confirmation emerges, trading behavior will likely remain confined within the established short-term range.
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