PENGU drops 10.7% to $0.0089 on above-average volume
- —PENGU trades at $0.0088918, down 10.70% from the open
- —Volume of $247.94 million is 20.37% above the 30-day average
- —RSI at 50.1 signals a neutral zone with no oversold reading
- —Price is below SMA-7 and SMA-15 but above SMA-30 and SMA-200
Why it matters: A catalyst-free drop on elevated volume points to profit-taking or unwinding of speculative positions, while holding above SMA-200 keeps longer-term support intact.
Source: DiarioBitcoin