$PENGU Bounces Back – Ready to Flip Resistance or Fakeout Incoming?
PENGU has rebounded from the $0.02750 support zone and is currently trading at $0.02812. With a solid green candle backed by increasing volume, momentum is returning. But the key lies in breaking above layered resistances.
Key Levels to Watch
Resistance Zones:
• $0.02830 – Immediate hurdle
• $0.02855 – Local supply zone
• $0.02890 – Breakout confirmation
Support Zones:
• $0.02750 – Key bullish base
• $0.02710 – Demand zone
• $0.02650 – Breakdown risk
Trade Setup
Bullish Entry: Above $0.02855 with strong green volume
• Target 1: $0.02890
• Target 2: $0.02950
Bearish Entry: Below $0.02750 with rejection wick
• Target 1: $0.02710
• Target 2: $0.02650
PENGU is flashing strength, but the real breakout lies beyond $0.02890. Watch for sustained volume and order book aggression.