A whale has made headlines by depositing $9.5M worth of 400.1M PENGU tokens into wallets within the past 24 hours.
Rising Open Interest and consolidation pointed toward an imminent breakout despite low social metrics.tokens into wallets within the past 24 hours.
Currently, the whale holds 110M PENGU tokens worth $2.62M, distributed across two wallets. At press time,These developments are raising questions about whether this is a sign of an accumulation phase for PENGU.PENGU has successfully rebounded from its critical support level at $0.0233, maintaining a steady recovery. The daily chart suggests the next major resistance lies at $0.0362. It could test this level if buying momentum strengthens.
The upcoming sessions could define whether PENGU capitalizes on this bounce or faces renewed challenges.The Relative Strength Index on the 4-hour timeframe currently sits at 42.7, signaling neutrality. This indicates neither overbought nor oversold conditions, leaving room for upward movement.
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