$PENGU /USDT Trading Signal – Bullish Momentum with Key Targets Ahead!
Current Price: $0.044434
24h Change: +9.90%
Entry Zone:
$0.04350–$0.04480
Targets:
1. $0.04650 – Immediate resistance
2. $0.04800 – Breakout level
3. $0.05000 – Psychological target
Stop Loss:
$0.04200
Market Observations:
The $PENGU /USDT pair has gained nearly 10% in the past 24 hours, demonstrating strong bullish momentum. The price recently touched a high of $0.046966 before consolidating near the $0.04443 level, signaling potential for another upward move.
A breakout above $0.04650 could set the stage for higher targets, with $0.05000 being a significant psychological barrier to watch. Increasing trading volume supports the bullish case, indicating sustained buyer interest.
Trading Strategy:
Short-term traders: Look for a confirmed breakout above $0.04650 and take partial profits at each target.
Mid-term traders: Hold positions for the extended target of $0.05000 while managing risk with stop-loss adjustments.
Key Support and Resistance Levels:
Support: $0.04350
Resistance: $0.04650