$PENGU /USDT Analysis: Eyeing a Breakout....
Current Price: $0.0381
#PENGU has shown an impressive rally of over 10% in the past 24 hours, reaching a high of $0.0409 before slightly retracing. The market sentiment indicates potential for further movement.
Key Levels to Watch
Support Zones:
$0.0375: A critical short-term support level to maintain bullish momentum.
$0.0369: Key support from the recent low; a drop below could trigger further selling pressure.
Resistance Levels:
$0.0409: Immediate resistance. Breaking this could spark a rally toward higher targets.
$0.0425: A pivotal resistance zone for confirming a sustained uptrend.
Trade Ideas
For Bulls:
Entry: Consider entering near $0.0375 for a long position.
Targets: $0.0409 (short-term) and $0.0425 (next target).
Stop Loss: Below $0.0369 to protect capital.
For Bears:
Entry: Short positions can be explored if PENGU fails to hold $0.0375.
Targets: $0.0369 and $0.0355 for potential downside.
Stop Loss: Above $0.0385 for risk management.
Stay sharp as PENGU approaches these critical levels!