$PENGU 35% Surge! But Will It Stick or Slip?
PENGU just exploded to $0.01978, rallying over +34% today. But now it’s facing a tight resistance block near the $0.02030 mark. Will bulls hold their ground — or will sellers slam the brakes?
Key Technical Levels:
• Immediate Resistance: $0.02030 – Break above this flips the structure bullish again.
• Near-Term Support: $0.01960 – A drop below this could trigger a sharp fade.
Trade Setup – Volatility Just Getting Started
Bullish Setup (Break Above $0.02030):
• Target 1: $0.02120
• Target 2: $0.02200
Clean breakout could unleash another leg up, fueled by meme momentum and volume spike.
Bearish Setup (Drop Below $0.01960):
• Target 1: $0.01890
• Target 2: $0.01750
Losing local support might trap late longs and invite quick downside wicks.
Volume is elevated and price is consolidating under resistance — breakout or fakeout imminent.