$PENGU /USDT: Consolidation with Upside Potential – Levels to Watch
Current Price: $0.03813 (+3.98%)
Key Targets:
1. $0.03850 (Immediate Resistance)
2. $0.04000 (Breakout Level)
3. $0.04350 (Recent High)
Market Overview: $PENGU is consolidating after testing support at $0.03715. Bulls are regaining momentum with slight upward movement, targeting $0.03850 as the next resistance. A sustained push could drive the price to $0.04000 or higher.
Action Plan:
Short-term Traders: Look for scalping opportunities near $0.03850. Use $0.03750 as a stop-loss level for risk management.
Long-term Investors: Focus on accumulation near $0.03800, targeting $0.04000 and $0.04350 for higher gains.
Monitor volume dynamics and market sentiment for confirmation of the next move.
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