PENGU price prediction – Reasons why its latest drop could be short-lived
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最新报道：Pudgy Penguins (PENGU) dropped over 11% after reaching $0.048, with whale sell-offs and increased short positions contributing to the decline. Insider-linked wallets moved over $66 million worth of PENGU to exchanges for profit-taking since mid-July. The CPI data release and Bitcoin's dominance further pressured altcoins, though annual inflation coming in below expectations at 2.8% may signal a reversal. Seller dominance remains at 52%, with Open Interest falling to $464 million from $607 million in late July. Despite declining resistance, positive funding rates suggest potential buyer re-entry. PENGU is currently testing key support levels, with failure to break resistance risking further consolidation or drops.
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