$PENGU 🚨PENGU COIN Technical Analysis🚨
PENGU Coin price action remains in a macro bullish structure after an impressive breakout and +170% rally. The current pullback has established a clean bull flag on the daily time frame, which is a common continuation pattern. Price action is consolidating above the key support zone at $0.0318–$0.034.
The RSI is cooling off from overbought territory (currently 63.34), which provides room for another leg up. MACD is also flattening out and a potential bearish cross-over is forming, though not a warning as long as support holds.
Price is still well above the previous wedge breakout and long-term trend support. A break above $0.0405 can be considered further confirmation of the flag breakout targeting the next $0.043–$0.046 zone.
If rejected, price action can drift off back down toward $0.0255, which lines up with previous breakout levels. However, in the face of dips, volume remains low, suggesting bullish consolidation rather than a bull-to-bear distribution.
As long as $0.031 supports, the trend favors buyers with bullsacute hot to take back over if price clears the $0.039 area once again.
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