$PENGU If the market is a bullish wave, it is very possible that Pengu will break out

The current price is 0.035864 (+18.79%), close to the 24h peak at 0.037620. The upward momentum is quite strong, but it needs to be monitored as the price approaches this resistance zone because a correction may occur.

The price is fluctuating near the upper band of the Bollinger Bands (UP: 0.039340), signaling that the bullish trend still dominates. However, when the price exceeds or touches the upper band, the risk of a pullback or accumulation will increase.

The 24h trading volume reached 8.95B PENGU with a buy ratio of 70.11%, much higher than the sell ratio of 29.89%. This indicates that market sentiment is optimistic, but it is also necessary to be aware of profit-taking pressure from short-term investors.

If the price exceeds the 24h peak at 0.037620, the next resistance levels to watch are 0.040 (round number) and 0.043-0.045, where strong profit-taking pressure may appear. The upward momentum is sustainable if the price breaks through resistance accompanied by high trading volume. Conversely, if the volume weakens, the price may correct or accumulate.

For holders, if the price breaks the peak and maintains the upward momentum, this is a positive signal. Be sure to manage risk and clearly define profit targets. For short-term traders, it is advisable to consider taking partial profits at resistance zones or wait for the price to correct to strong support near 0.034 for reinvestment.

#CryptoAnalysis #Altcoin #PENGU #USDT #HolderTips #CryptoTrading #Breakout