$PENGU /USDT – Technical Analysis 🐧

Current Price: $0.029281 (+7.31%)

$PENGU is trading at $0.029277 USDT, positioned at a key inflection point. The bulls are defending the support at $0.030500, while resistance at $0.033000 is limiting upward movement. A clear breakout above resistance could trigger a new wave of volatility!

🔹 Support Levels:

$0.030500: Crucial near-term support to monitor.

$0.028800: Strong support if selling pressure intensifies.

🔹 Resistance Levels:

$0.033000–$0.034500: A breakout above this range could signal continued bullish momentum.

$0.037000: A major upside target if the rally picks up steam.

🎯 Trading Strategy:

Long Setup: Look for long positions if the price holds at $0.030500 or breaks above $0.033000 with strong volume.

Short Setup: Consider short positions if the price gets rejected at $0.033000, with targets at $0.030500–$0.028800.

🔥 Momentum Watch:

A close above $0.034500 could initiate a rally, while a drop below $0.030500 may lead to more downside movement. Stay alert and trade the breakout!

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