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Pudgy Penguins (PENGU) Shows Signs of Rebound Amid Oversold Conditions

Pudgy Penguins (PENGU) Shows Signs of Rebound Amid Oversold Conditions

Author:

Global Cryptocurrency

Published:

2025-11-20 23:19:02

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BTCCSquare news:

Pudgy Penguins (PENGU) is attracting market attention as its price stabilizes NEAR a critical support level of $0.00122. The token's downtrend shows early signs of reversal, with momentum indicators hinting at a potential rebound. Chart analysis reveals a tightening structure near the $0.0073-$0.0075 demand zone, historically a springboard for rallies.

Market observers note PENGU's organic visibility surge across social platforms, often a precursor to accumulation phases. A decisive break above the descending trendline could confirm the bullish thesis, setting the stage for a retest of mid-range resistance levels.

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