PENGU price has dropped ~10% in the last 24 hours after becoming Solana’s biggest meme coin. Despite its popularity, momentum has slowed, with technical indicators suggesting potential consolidation or further downside. RSI has fallen sharply from 70 to 52.3, indicating reduced buying pressure. If hype reignites, PENGU could regain upward momentum and test key resistance levels. Current RSI suggests short-term consolidation, while ADX shows a rising trend strength. If bearish momentum intensifies, PENGU could test $0.034 support, with $0.0296 and $0.0251 as key levels. Conversely, renewed hype could push PENGU above $0.05.