The post Pengu Price Rally Could Stalls as Bears Come In appeared on BitcoinEthereumNews.com. PENGU price jumped almost 37% between December 1 and December 2, making it one of the strongest movers in the memecoin group. The move pushed the price back above short-term levels and helped PENGU retain about 26% of its 24-hour gains even after a small dip. But this early December burst may not continue without resistance. A few key signals now indicate the rally is at risk of slowing due to a “bear attack.” Sponsored Rally Risks Cooling as Momentum Weakens and Traders Turn Cautious PENGU has been one of the meme coins to watch this month because its recent setup was bullish. That early December bounce confirmed that buyers were active again. But the chart shows the first warning sign. RSI (Relative Strength Index), which measures momentum on a 0–100 scale, made a higher high between November 10 and December 1, while the PENGU price made a lower high. This is a hidden bearish divergence. It usually means buyers are pushing hard, but the price is not reacting with equal strength. That type of mismatch can slow rallies during broader downtrends, and PENGU is still down almost 25% over the past month. PENGU RSI Shows Weakness: TradingView Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here. Sponsored On-chain positioning supports this risk. Whales on spot have reduced their holdings by 3.62%, now holding about 1.19 billion PENGU. That reduction is worth roughly 43 million PENGU, showing that large holders used the bounce to trim exposure by possibly profit booking. This hints at weaker conviction. PENGU Whales Selling: Nansen Perpetual traders are not helping the trend either. Sponsored Top 100 addresses (mega whales) have shifted heavily toward shorts, cutting long exposure by more than 17% in 24 hours. Even though consistent PERP winners slightly… The post Pengu Price Rally Could Stalls as Bears Come In appeared on BitcoinEthereumNews.com. PENGU price jumped almost 37% between December 1 and December 2, making it one of the strongest movers in the memecoin group. The move pushed the price back above short-term levels and helped PENGU retain about 26% of its 24-hour gains even after a small dip. But this early December burst may not continue without resistance. A few key signals now indicate the rally is at risk of slowing due to a “bear attack.” Sponsored Rally Risks Cooling as Momentum Weakens and Traders Turn Cautious PENGU has been one of the meme coins to watch this month because its recent setup was bullish. That early December bounce confirmed that buyers were active again. But the chart shows the first warning sign. RSI (Relative Strength Index), which measures momentum on a 0–100 scale, made a higher high between November 10 and December 1, while the PENGU price made a lower high. This is a hidden bearish divergence. It usually means buyers are pushing hard, but the price is not reacting with equal strength. That type of mismatch can slow rallies during broader downtrends, and PENGU is still down almost 25% over the past month. PENGU RSI Shows Weakness: TradingView Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here. Sponsored On-chain positioning supports this risk. Whales on spot have reduced their holdings by 3.62%, now holding about 1.19 billion PENGU. That reduction is worth roughly 43 million PENGU, showing that large holders used the bounce to trim exposure by possibly profit booking. This hints at weaker conviction. PENGU Whales Selling: Nansen Perpetual traders are not helping the trend either. Sponsored Top 100 addresses (mega whales) have shifted heavily toward shorts, cutting long exposure by more than 17% in 24 hours. Even though consistent PERP winners slightly…