Pudgy Penguins (PENGU) opened the year close to $0.009, and driven by speculative capital inflows, it rose to $0.013 at one point. However, as traders took profits, the upward momentum gradually faded. The price broke below $0.011, and with the overall market risk-off sentiment intensifying, stop-loss orders were triggered. Although the collaboration with Manchester City Football Club initially generated some buzz, it was a long-term project, and the market reacted with a "sell news" response. The next movement of this token depends on the $0.010 to $0.012 range; only a break above $0.012 can restore an upward trend.
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Pudgy Penguins (PENGU) opened the year close to $0.009, and driven by speculative capital inflows, it rose to $0.013 at one point. However, as traders took profits, the upward momentum gradually faded. The price broke below $0.011, and with the overall market risk-off sentiment intensifying, stop-loss orders were triggered. Although the collaboration with Manchester City Football Club initially generated some buzz, it was a long-term project, and the market reacted with a "sell news" response. The next movement of this token depends on the $0.010 to $0.012 range; only a break above $0.012 can restore an upward trend.