$PENGUIN ‌ had a massive launch pump followed by a sharp correction, which is typical for new low-cap meme coins....

After the blow-off top near the highs, price has been in a long cooldown phase and is now stabilizing at lower levels.
Right now it looks like the coin is forming a base. Market cap is still small, which means it can move fast in both directions. If volume returns, these types of tokens can give sudden spikes.
Key idea: this is a high-risk, high-reward zone. Either it slowly accumulates and gives a relief bounce, or it keeps fading if liquidity dries up. Best approach is small position sizing and waiting for strong volume before expecting any real breakout.