#CryptoReboundStrategy Trading Analysis PENGU and PNUT Rebound from Key Resistance:
¥Are Breakouts Coming?
Index Pudgy Penguins (PENGU) Peanut the Squirrel (PNUT) Breakout Potential Ahead?
Sunday, January 5, 2025, In the first week of the new year, the cryptocurrency market is seeing rallies in major altcoins as Bitcoin (BTC) dominance drops from its December 31 level of 58.12% to today’s 57%.
This shift has created favorable conditions for tokens like Pudgy Penguins (PENGU) and Peanut the Squirrel (PNUT), which are showing strong upward momentum after impressive weekly gains.
Coinmarketcap Both tokens are approaching critical resistance levels that could determine their next major trends. Chubby Penguins (PENGU) PENGU has recently shown resilience, bouncing off multiple support levels.
Today, the token has surged over 15% after bouncing off the support zone of $$ 0.036, pushing its price towards the key resistance range of $$ 0.041 to $$ 0.0435. It is currently trading at around $$ 0.04220, in the middle of this zone.
