PENGU drops 5.75% on October 13: selling pressure and weak technicals
- —PENGU fell 5.75% to $0.0078289, down 12.11% over seven days
- —Daily volume of $173.8M is 14.98% below the 30-day average
- —Price is below the 5, 7, 10, 15, 20, 30 and 50-day SMAs, RSI at 41.5
- —Token is 84.17% below its all-time high of $0.0494673
Why it matters: The proximity of the SMA-200 at $0.00762 will determine whether the drop becomes a tactical entry point or the start of a deeper correction.
Source: DiarioBitcoin