PENGU token has fallen below $0.017, experiencing a sharp decline of nearly 48% from its recent highs. The cryptocurrency is currently testing the $0.0162 support level, a critical point that analysts are monitoring closely. A successful defense of this support could prevent further declines towards $0.0130. Conversely, a rebound above $0.0195 might indicate a potential shift in short-term momentum, while a breakdown below $0.0162 could lead to further losses.