Is PENGU price about to rebound from the bottom? $0.012 is a critical threshold

Question

【Crypto World】Penguin Coin PENGU started the year close to $0.009, with speculative funds pushing it up to $0.013. However, the good times didn’t last long. As traders began to take profits, the upward momentum dissipated. After the price fell below the key support level of $0.011, the market’s risk-averse sentiment triggered a round of stop-losses.

Interestingly, although the collaboration with Manchester City Football Club initially boosted popularity, because it was a long-term project, the market instead showed a typical “sell the news” reaction— a common tactic in the crypto space.

Looking ahead, the fate of PENGU is in the hands of the $0.010-$0.012 range. As long as it can hold above $0.012, there is a possibility to restart an upward trend; otherwise, it will need to continue searching for a bottom. In the short term, the performance within this price zone will directly determine the subsequent direction.

BlockchainGriller · Accepted Answer

Ha, it's that same old "sell news" trick again. Long-term partnerships like Manchester City can't really keep people interested.

0.012 is the critical threshold. Break it, and it's back to hell.

This coin is still too easy to be cut off; retail investors have already all exited.

Stabilize at 0.012? Dream on. It feels like it still needs to test lower levels.

PENGU is truly finished this time; even football clubs can't save it.

MetaMisfit · Answer

Breaking through the 0.012 level is crucial, or else it will be another round of retail investors getting harvested.

¯\_(ツ)_/¯ · Answer

The "sell the news" tactic is really clever; every time it works.

Manchester City's partnership hype is greater than its substance; this is the state of the crypto world.

Whether the $0.012 mark can hold depends entirely on short-term capital sentiment.

It's that time again to play with heartbeat.

PENGU has dropped sharply this round; no one knows where the bottom is.

I bet it will keep searching for a bottom; coins that can't be driven by news are all like this.

Frontrunner · Answer

The "selling news" tactic is really clever; I fall for it every time.

FudVaccinator · Answer

It's the same old trick again. After collaborating with Manchester City and pumping, they dump the market. The crypto world is always like this.

PENGU currently bets on whether it can hold at 0.012. If it can't, it will continue to fall.

I see it as a gamble—once this wave is cut, no one will care anymore.

AltcoinHunter · Answer

It's the old trick of selling news again; even Manchester City's partnership can't save it. Is 0.012 really the critical threshold? I feel like a breakdown is the real story.

UnluckyLemur · Answer

The tactic of selling news is really clever; cooperation doesn't even count as good news, but rather a reason to dump the market.

OptionWhisperer · Answer

It's the same old story again, news hype and then a run away

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0.012 can it really save it? I feel like it still has to drop further

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The crypto world has been playing the news-selling game for so many years and it still works, I'm stunned

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Let's wait until it really stabilizes, anything said now is useless

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City cooperation sounds high-end, but it's actually useless, this is the reality

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Repeated friction in the bottom range, when will it truly rise

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I bet 0.010 will become the final safety line, or else it will be cut in half

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Another "decisive threshold," the crypto world creates this kind of thing every week

ser_we_are_early · Answer

It's the same old trick. As soon as Manchester City partnership hype starts, they begin dumping the market. LOL

Is PENGU price about to rebound from the bottom? $0.012 is a critical threshold

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