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$PENGU slips 11% after whale exits & macro caution 📉

Trade $PENGU 👉   app.stobix.com/futures/PENGU/U...

$PENGU trades at $0.035 after a sharp 24h drop, cooling off from a +54% monthly rally as traders rotated into BTC during a broader market pullback.

Why it matters:

- Whale exits: Insider-linked wallets moved $66M $PENGU to exchanges since mid-July, often preceding 15–20% drawdowns.

- Technical fatigue: Rejection at $0.041 (78.6% Fib) with MACD bearish cross & RSI easing.

- Macro headwinds: CPI jitters & BTC dominance near 60% pulling liquidity from alts.

Key levels:

• Support: $0.033 – holding here keeps uptrend intact.

• Resistance: $0.037 (200-day EMA).

#PENGU #NFTs #Altcoins