Red Candles Stack Up for Pudgy Penguins (PENGU): Can Bulls Halt the 7% Slide Before It Hits the Channel Bottom?

The market-wide blood-red shade has triggered the crypto assets to enter the extreme fear zone. Meanwhile, the dominant token, Bitcoin (BTC), has lost over 6%, trading at $66K, and Ethereum (ETH), the largest altcoin, hovers at around $1.9K after a 7% drop. Among the digital assets, Pudgy Penguins (PENGU) has