PENGUSDT Showing A WeaknessPENGU / TetherUSBINANCE:PENGUUSDTAlpha-GoldFXPENGUUSDT having a drop on the daily chart right now. After an exciting couple of months in September and October where PENGU saw two massive price rallies, the market hype has clearly cooled off. Since hitting those highs near the 0.011000 mark, sellers have slowly taken back control, pushing the price of PENGU into a steady downtrend over the last several weeks. The most important shift on this chart happened just recently when PENGU broke below that upper purple zone around the 0.006800 to 0.007000 area. If you look back at late September, this exact level acted as a strong floor that helped bounce the price for its second big run. Because PENGU failed to hold above this key support area this time around, it is a clear sign of weakness, showing that the sellers are still in the driver's seat for now. Currently, PENGU is trading around 0.006236, sitting in a bit of a no-man's-land with no immediate support underneath it. As the black arrow on the chart suggests, the most likely path from here is a continued slide down toward the next major purple support zone near 0.005600, which would be about an 11% drop from the current price. This lower zone served as a rock-solid foundation back in July and August right before the big breakout, making it the most logical place to watch for PENGU buyers to finally step back in and stop the bleeding. What are your thoughts on PENGU right now—do you think it will bounce at that lower support zone, or is it heading even lower? Drop your comment below!