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Korea pumps PENGU’s price amid $66 mln insider exit: What now?


Key Disruption

PUGISH PUGISALS left $ 0.45 to $ 0.42 after comparing insider moved 66.6 million pen to the hire. Can i ask the surprise of the overpower?


After trying to break up, Penguins pudding [PENGU] faced a strong reject to $ 0.45, driving to a restraint. As for this writing, PUGGY SENGUINS was trading $ 0.42, marching an 0.42% increase in last 24 hours.

First, the meme has been in ascending trajectory, hiking on weekly and monthly maps from 8% and 260%, respectively. But why’s the mood of the pen fade?

Deployers dumped 66 million

Still the traction has earned pen, the domental bill sent 206.9 million tokens to exchange it is worth almost $ 9 million in a day.

According to EmbrThe same address transferred 2.09 billion tokens-66.6 million – more than two past few weeks.

Token's disgustToken's disgust

Source: empcn

These were not liquidity provisions. Rather, timing and scale suggest aggressive suggestions in the pump.

Natural, this concerns has aroused. In most cases, these essential movements corrective, and pumpke had not exceptional.

The Korea goes

Surprising, while the token wretches are sold, UPSbit registered one of the highest questions for the meme.

According to LoowoootyThe volume of thinly trade in the skyrocketed hide, even exceeds the mmmcoins established as DOCHELIN [DOGE]. I am

Volon destricts crane Volon destricts crane

Source: watch

The volume of 24 hours of pending on the ultimate hide 137.4 million, utterance of dogecoin 117.9 million on the same day.

It is noticeable, considering the pending market cap is still under a third of the dogs. The spiked blows

Netflow removes burning but this is in bullish

The result of increased accumulation, penguins of penguins declinantly, hit me significantly, hit a low – 4.75 million from this writing.

Penlow penlowPenlow penlow

Source: Coinglass

Typically, when netflow declines in negative territory, spints of retirement more in before deposits. Historically, this precedes the earlier the earlier as requested by placing the pressure listened to prices.

Meaningfully, suggest that the question can absorb the sale of pressure from the token pressure.

Peng’s technicians say this!

According to the Ambcrypto’s analysis, pipe pipe have retrieved as sellers introduce the market, causing meaningful pressure.

PENUDE ADX & SSIPENUDE ADX & SSI

Source: Trading Speaks

After the rejection of the face, SLID’s relative index to 72.35-still overboud, but pointed out the power of purchase.

Meanwhile, the mean direction index is 63.12, suggest that the trend of the trend remains – but it’s time skewing bearish.

If sellers dominate, hire can fall to $ 0.37 support. However, if the question persists and absorb the sale pressure, the memein could retrieve $ 0.45 and potentially AIM of $ 0.50.



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