$PENGU Eyeing a Bounce Back Toward $0.045

$PENGU is trading around $0.034, rebounding strongly from the key $0.033 support zone after a recent 28% leg up. The price previously saw a sharp 91% rally followed by a breakout from consolidation, reaching a major high of $0.0456.

Trade Setup

Entry Zone: $0.033 – $0.034 on dips

Stop Loss: Below $0.032 to manage downside risk

Target 1: $0.040 – short-term resistance

Target 2: $0.045 – major high retest

Technical View

After the bullish surge and consolidation breakout, PENGU has been respecting its support zone. A clean push above $0.037 with strong momentum could open the path toward a retest of the $0.045 supply zone. Failure to hold $0.033 may lead to deeper consolidation before another breakout attempt.