$PENGU Skyrockets – Will the Rally Hold or Fade?
$PENGU /USDT is trading at $0.028021, up an astonishing 730.25% in the past 24 hours, marking a parabolic rise from its low of $0.003375 to a peak of $0.070000. The rapid surge has been followed by a notable retracement, as traders take profits, bringing the RSI down to 34.80.
The MACD suggests weakening momentum, but the significant volume spike reflects heightened interest in this asset. If PENGU holds above the $0.0280 zone, we could see buyers stepping back in to stabilize prices and fuel a secondary rally. Caution is advised as volatility remains extremely high. Watch for consolidation at these levels for the next directional move.