Technical analysis by FrankFx14 about Symbol PENGU: Sell recommendation (8/9/2025)

PENGU is currently trading just below a major supply zone near $0.038 – $0.042 after multiple rejections in the same area. Price has been consolidating with reduced volatility, hinting at an upcoming decisive move. 🔍 Key Observations: Supply Zone: $0.038 – $0.042 (blue zone) This area has rejected price several times, indicating strong selling pressure. Immediate Support: $0.0233 A break below could lead to accelerated selling toward $0.0142. Demand Zone: $0.0090 – $0.0110 (orange zone) This zone fueled the last major rally, making it a strong area of interest for buyers if price drops. 📈 Possible Scenarios: Bearish Rejection – If sellers defend the $0.038–$0.042 range, we could see a move toward $0.0233 and possibly $0.0142. Bullish Breakout – A clean 4H close above $0.042 could invalidate the supply zone and push PENGU toward new highs. 🔻 Bias: Short-term bearish while price remains below $0.042. A confirmed breakout is needed to flip bullish. Disclaimer: This analysis is for educational purposes only and not financial advice. Always trade with proper risk management.