PENGU price action continues to trend lower, maintaining a bearish market structure characterized by consecutive lower lows and lower highs. The market now approaches the Point of Control (POC) of its broader trading range — a key level where previous high-volume activity occurred and where short-term reactions are often observed.
While a temporary bounce from this region is possible, overall momentum remains weak. The lack of sustained bullish confirmation suggests that risk continues to outweigh potential upside, and any failure to hold the POC could lead to an accelerated decline toward lower supports.
Key Points:
- Bearish Trend: Price continues to form lower highs and lower lows across timeframes.
- Critical Level: The Point of Control serves as an immediate inflection zone.
- Downside Target: Losing POC opens the path to daily support at $0.006.
From a technical standpoint, the market remains vulnerable as long as price stays below prior swing highs.
What to Expect:
If the POC fails to hold, expect further downside toward $0.006. A strong reaction from this level could, however, trigger a short-term bounce before broader weakness resumes.