$PENGU on fire 🚀🚀🚀

$PENGU Looking Good ✅

🔍 PENGU/USDT Analysis (1H Chart)

Current Price: $0.023247

Current Price Movement: After hitting the recent high of 0.024682, the price retraced downward but formed a higher low, suggesting buyers are defending key zones.

📈 Trend Analysis:

Short-Term Trend: The chart shows a bullish structure in the short term as the price is forming higher highs and higher lows.

However, after reaching 0.024682, a pullback occurred, showing a correction phase.

Price has now recovered slightly from the dip and is consolidating around 0.0232.

📉 Bearish Signals:

The price has failed to reclaim the 0.0246 resistance level, which could now act as a strong resistance zone.

The -3.35% drop in the last 24h shows some bearish pressure.

🟢 Bullish Signals:

Strong recovery from 0.018302 low.

Volume is still significant, indicating ongoing interest from traders.

Formation of higher lows indicates potential for upward movement if resistance is broken.

✅ Key Levels to Watch:

🔸 Resistance: $0.0236 & $0.0246

🔸 Support: $0.0221 &$0.0183

✅ Bullish or Bearish?

Currently: Neutral to Slightly Bullish

The structure is leaning bullish but facing resistance at higher levels.

If price breaks and holds above $0.0246, it could continue upward.

But if price breaks below $0.0221, the trend could turn bearish in the short term.

If you want a trading idea (entry/TP/SL) based on this chart, let me know!

#Write2Earn