Since the recovery from 11 October, $PENGU has seen a downtrend of over 73% holding its ground at a critical support level of 0.0085. The sentiment that took a hit this week was the news of an SEC lawsuit against Shima Capital, a venture firm that was an early backer of @pudgypenguins. This caused a 20% drop as traders exited due to legal uncertainty. The $PENGU chart showing a descending triangle which most likely price, compression waiting for a breakout. Pudgy Penguins $500,000 ad campaign on the Las Vegas Sphere is scheduled for December 24. Communities are watching to see if this spark a trend reversal before the end of the year. All eyes👀 on $PENGU.

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