PENGU Price Faces Pullback Risk After 37% JumpPENGU jumped almost 37% between December 1 and 2 and still holds most of that gain, but the chart now shows the first signs of the move slowing. The price made a lower high between November 10 and December 1 while RSI printed a higher high in the same period. That is a hidden bearish divergence, which often appears when buyers are pushing hard but the price does not follow with equal strength. This usually hints at a short-term pullback, especially when the broader trend remains weak. PENGU is still down about 25% over the past month, so the divergence carries more weight.
On the price chart, PENGU trades near $0.0121 and faces resistance at $0.0129. A clean break above $0.0129 would open a move toward $0.0138, and crossing $0.0166 would fully cancel the bearish divergence. If the pullback extends, support sits at $0.0110, and a daily close below that level could send the price toward $0.0093. The rally is not broken, but the indicators show it needs stronger momentum to continue.
