The price of PENGU cryptocurrency has dropped significantly, reaching its lowest levels ever. It has been overtaken by other meme coins like TRUMP, BONK, and DOGWIFHAT on the Solana blockchain. Technical indicators such as the Ichimoku Cloud and DMI suggest that bearish momentum is still growing, increasing the risk of further declines. The Ichimoku Cloud chart shows a clear bearish trend, with the price trading below key lines and the cloud sloping downward. The DMI chart indicates increasing strength in the downtrend, with bullish pressure declining and selling dominance increasing. Unless there is a strong reversal, PENGU could continue setting new lows in the short term.



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