PENGU is the native token of the Pudgy Penguins community, which was newly listed on Binance on December 17, 2024. #BinanceAlphaAlert

PENGU/USDT Technical Analysis:

The 4-hour chart of PENGU/USDT shows a bullish formation after breaking a descending triangle pattern, indicating a possible continuation of the uptrend🚀🚀🚀🚀

Proposed Trade Details:

Entry Area:

Entry at the correction between $0.029000 and $0.029500.

Take Profit Target (TP):

TP1: $0.032000 (6.16% Upside)

TP2: $0.035000 (16.08% Upside)

Stop Loss (SL):

$0.027500 (8.74% Downside)

Market Overview:

With PENGU listed on Binance and increasing trading volume, the price may see significant volatility. It is advisable to pay attention to the support level at $0.0385; if it holds, the price may continue to rise. If it breaks, the price may head down.