$PENGU /USDT Trading Signal – Consolidation or Breakout Next?
$PENGU is currently trading at $0.035436, down 4.77% in the last 24 hours. The token has tested a low of $0.035229, showing possible signs of support. Here's what to watch for the next move:
Entry Zone:
$0.03520 - $0.03560 for potential long positions.
Targets:
1. $0.03650 (Short-term resistance)
2. $0.03780 (Mid-term breakout target)
3. $0.03950 (Key psychological resistance level)
Stop Loss:
$0.03400 to manage downside risk.
Observations:
The price is currently in a consolidation phase; look for volume spikes to confirm direction.
A breakout above $0.03650 could signal a strong upward move toward higher targets.
Volatility is expected in the near term, so proper risk management is essential.