A quick $1.1851K in short liquidations has sent $PENGU up to $0.03581, surprising the bears as the market shifts into bullish momentum. With the price pushing higher, traders are watching closely for the next surge.
What’s next for $PENGU? Will this momentum continue, or is resistance just around the corner?
Now’s the time: Don’t miss this rally—jump on board before the next move unfolds!
Current Price: $0.036378 (+30.81%) 24H High: $0.036535 24H Low: $0.026173
PENGU is making waves in the market, with an impressive 30.81% rally in the last 24 hours. After reaching its 24-hour high of $0.036535, the token is maintaining strong upward momentum, signaling growing market interest.
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Market Highlights
🔹 Bullish Breakout: PENGU has consistently climbed throughout the day, breaking key resistance levels and establishing new highs. 🔹 Support Zone: Immediate support lies at $0.032941. A pullback to this level could act as a buying opportunity. 🔹 Volume Surge: With 6.52B PENGU traded, this surge is backed by substantial market activity, indicating strong investor confidence.
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What’s Next for PENGU?
1️⃣ For Bulls:
Look for a breakout above $0.036535 to continue the rally toward $0.040000.
Monitor volume to ensure sustained bullish momentum.
2️⃣ For Bears:
A rejection near $0.036500 could lead to a short-term correction.
Watch for a breakdown below $0.032941 to signal potential weakness.
3️⃣ Risk Management:
Set stop-loss levels slightly below $0.032500 to protect against unexpected reversals.
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Key Takeaway
PENGU’s explosive performance has captured market attention, offering exciting opportunities for both traders and investors. With strong momentum and volume backing the move, PENGU is one to watch closely as it tests new highs.
$PENGU /USDT: Steady Ascent – A Short-Term Opportunity
$PENGU /USDT is showing a promising upward trend with the price currently at $0.0350, gaining over 30% in the past day. On the 15-minute chart, the support level is established at $0.0340, while the resistance is near $0.0368. Traders should consider entering the trade between $0.0348 and $0.0352 to capture the bullish momentum. Short-term profit targets are set at TP1: $0.0358, TP2: $0.0364, and TP3: $0.0368, providing a steady range for gains. To minimize risk, place a stop loss at $0.0335. With the RSI at a balanced 52 and MACD showing steady upward momentum, this setup offers a low-risk entry point for short-term gains. As the price approaches resistance, secure partial profits and reassess market conditions for potential breakout opportunities.
$PENGU is currently in a strong bullish trend, gaining 32% within 24 hours. The coin has broken above its recent resistance, indicating a continuation of its upward movement.
Trading Signal:
Buy Zone: $0.033 - $0.035 (Near current levels, watch for minor dips)
Target 1: $0.038 (Resistance zone)
Target 2: $0.042 (Major resistance)
Stop Loss: $0.031 (Previous swing low)
Strategy: Use trailing stop-loss to secure profits in case of a reversal. A pullback to $0.033 could provide a good re-entry.