Pudgy Penguins (PENGU) is retesting a crucial breakout zone near $0.021 following an 8% decline, reflecting broader market downturns. The token had previously broken out of a falling wedge pattern, reaching a local high of $0.02329 before pulling back. The future trajectory of PENGU hinges on its ability to maintain support between $0.020 and $0.021, which could lead to a rebound towards $0.02697 or a re-entry into the wedge pattern.