PENGU price movement can be affected by NFT market sentiment. I think monitoring NFT activity can be a good indicator of PENGU movement - upwards or downwards

🚀 $PENGU /USDT Technical Analysis 🚀



PENGU has been showing some positive momentum recently, with a +2.93% gain, reaching $0.026334. Let's dive into the technicals and set some key targets 🎯:

Current Price: $0.026334

🔴 Target 1: $0.025185 (Support Level)
The 24-hour low marks a strong support level at $0.025185. If PENGU faces a pullback, this area could serve as a solid foundation for a bounce-back.

🔵 Target 2: $0.028216 (Resistance Zone)
With the 24-hour high at $0.028216, this resistance level is crucial for any upward movement. A breakout above this level could signal the next rally toward higher targets.

🟢 Target 3: $0.028400 (Upper Resistance)
A crucial point to watch for a potential breakout. If PENGU manages to cross $0.028400, we could see further bullish action, with targets reaching above $0.03.

📈 Trend Overview:

Bullish Momentum: Currently, we are seeing a healthy upward trend. However, keep an eye on support and resistance levels to manage risk effectively.

Volume: 24h trading volume shows decent liquidity, with over $65M in USDT traded, keeping the market active.

🎯 Key Strategy:

Watch for price action near support at $0.025185 and resistance at $0.028216. A breakout above $0.028400 could signal strong bullish potential.

🔔 Risk Management: As always, stay cautious and set stop-loss orders to protect your capital. Happy trading, and make sure to monitor these key levels closely! 📊

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