$PENGU is holding its gains with calm strength after a clean 25 percent push. When a coin pumps and then stabilizes above the short moving averages like this, it usually means buyers are not done yet. Price is sitting around 0.01217 and the 7 MA and 25 MA are flat but supportive which shows the trend is trying to build a base for another leg.
I like how every dip toward 0.0119 is getting absorbed fast. This tells me the market is protecting that level and using it as a reload zone. Volume has cooled down which is normal after a spike and it often sets up a second move once traders regroup.
For the short term my trigger is simple. If PENGU breaks back above 0.01225 with momentum I expect a clean push toward 0.01260 again. Breaking that opens the door to 0.01280 without much resistance.
For the long term the trend stays healthy as long as price remains above the 99 MA around 0.0116. If PENGU continues to form higher lows like today we can see it travel toward 0.0135 later.
I am watching this zone closely because PENGU is showing the kind of slow controlled structure that usually leads to continuation.
