$PENGU Shorts Liquidated!
A $10.04K short position on pengu was liquidated at $0.0373, reflecting strong bullish momentum.
This event shows that buyers are taking control, pushing prices higher and forcing shorts to cover their positions.
Key Insights:
Bullish Strength: The significant short liquidation indicates robust buying pressure, with room for continued upward movement.
Upside Momentum: Sustained demand could push $PENGU toward key resistance levels.
PENGU Technical Snapshot:
Resistance Level: $0.0400
Support Zone: $0.0350
Momentum: Bullish, with increasing chances of a breakout if the trend continues
Will $PENGU maintain this momentum and break resistance, or will it face selling pressure at higher levels? Keep an eye on trading volume and market sentiment!