$PENGU /USDT - Technical Analysis and Target Updates
Current Price: $0.035334 (+11.05%)
Chart: 30-minute timeframe (Binance)
Target Achieved: $0.03500
PENGU/USDT has reached the first target of $0.03500, showing a bullish breakout and strong upward momentum. Consolidation near this level indicates potential for the next upward move.
Next Key Targets:
1. Short-Term Target: $0.03700
Immediate resistance at $0.03700 is visible, which aligns with recent swing highs.
Action: Consider partial profit booking near this level and trail stop-loss to $0.03500.
2. Intermediate Target: $0.03900
A breakout above $0.03700 could lead to $0.03900, supported by volume spikes and bullish sentiment.
Action: Monitor for strong momentum and confirm breakout strength.
3. Long-Term Target: $0.04000
Sustained bullish momentum could push the price to $0.04000, a key psychological resistance.
Action: Gradually secure profits and tighten stop-loss levels as the price nears this zone.
Technical Indicators:
Trend: Bullish
Support Levels: $0.03500, $0.03450
Resistance Levels: $0.03700, $0.03900, $0.04000