$PENGU /USDT: Momentum Building for a Move
Current Price: $0.038226 (+2.90%)
24H High/Low: $0.043500 / $0.036033
24H Volume: 7.63B $PENGU
Price Targets:
1. Target 1: $0.040000
2. Target 2: $0.042500
3. Target 3: $0.045000
Analysis:
Support Level: Immediate support observed at $0.037500.
Resistance Levels: Resistance at $0.040000 needs to be broken for continuation towards $0.042500 and beyond.
Trend: Recovering from the dip with a bullish reversal signal supported by increasing volume.
Strategy:
Entry Point: Optimal entry near $0.038000 with a stop-loss at $0.036500.
Profit Booking: Secure partial profits at $0.040000 and hold for higher targets.
Insights:
$PENGU /USDT shows recovery potential from its recent lows. Watch closely for a volume breakout to confirm further bullish action.