The post Pudgy Penguins Meanwhile, RSI sits close to 30, reflecting oversold conditions, and MACD remains in the negative zone but is flattening, suggesting that selling pressure may be nearing exhaustion. PENGU tests the lower boundary of its descending channel near $0. 0175, signaling potential reversal interest. If momentum flips positive, the first key target sits around $0. 022, followed by $0. 028 to $0. 030 where previous resistance lines intersect. Liquidation Heatmap Shows Room for a Squeeze Kwiik’s liquidation heatmap analysis suggests that PENGU’s largest cluster of short liquidations lies near $0. 034. With the majority of leveraged positions concentrated.