The overall trend for $PENGU is bullish in the short term. Traders should monitor resistance at $0.036535 and volume levels for potential continuation or reversal signals. Risk management is advised due to the high volatility.
Bullish Scenario: If PENGU breaks above $0.036535 with strong volume, it could test the $0.037–$0.04 range.
Bearish Scenario: Failure to sustain above $0.035 might result in a pullback to the $0.0325–$0.033 area.
1. Resistance:
$0.03653 (24H High): The immediate resistance level.
$0.037: A potential psychological resistance if bullish momentum continues.
2. Support:
$0.035: The nearest support level indicated by the MA(7).
$0.0325: A stronger support zone near MA(25).
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