$PENGU /USD Market Update: Testing Strength at $0.040161

Current Price: $0.040161

24H Change: +1.25%

PENGU/USD is gaining momentum, consolidating near the $0.0402 level. Buyers are showing interest, but resistance above could challenge further gains.

Key Levels to Watch

Resistance:

$0.041500 – Immediate resistance; a breakout above this level could spark bullish momentum.

$0.043000 – Key resistance; surpassing this zone would confirm a strong uptrend.

Support:

$0.039500 – Immediate support; holding above this level keeps the short-term bullish outlook intact.

$0.038800 – Major support; a breakdown below could indicate bearish pressure.

Trade Setup

Bullish Scenario: A break above $0.041500 could open targets toward $0.043000 and $0.044500.

Bearish Scenario: If the price slips below $0.039500, watch for further declines to $0.038800 or lower.

Volume and momentum will play a crucial role in determining the next move. Stay alert for a decisive breakout or breakdown!

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