Pudgy Penguins (PENGU) has experienced a 6% increase in the past 24 hours, becoming the market's top gainer. However, this surge has led to profit-taking and doubts regarding the sustainability of the gains. Outflows from PENGU's spot market indicate that investors are selling despite the rising value, suggesting a lack of long-term confidence. The Chaikin Money Flow (CMF) is below zero, forming a bearish divergence and hinting at a potential reversal. The altcoin is currently trading at $0.025, slightly above its support level at $0.022. If buying activity decreases, the price could fall towards this level, but strong demand could push it to $0.030.



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