Pudgy Penguins (PENGU) is positioned at the 0.50 Fibonacci retracement level ($0.027192) and is close to its 200-day exponential moving average (EMA), currently at $0.024682. These levels are essential, as they could provide significant support for a potential upward movement. The 0.50 Fibonacci retracement level at $0.027192 is a critical zone for $PENGU. In technical analysis, this level is often seen as a significant support or resistance area. The 200-day EMA, positioned just below at $0.024682, is another key indicator that traders usually watch for long-term price trends.