The significant uptrend of PENGU price occurred when it exceeded a crucial descending trendline that indicated market momentum was changing.
PENGU has two levels of support at $0.009087 with resistance at $0.01147 that presents an opportunity for price growth.
Market technical analyses suggest the price could expand by 200% when strong upward pressure maintains its strength.
PENGU (PENGU/USDT) has recently caught market attention after completing a significant technical breakout. The major descending trendline held for months was successfully violated by PENGU which triggered a percentage increase of 100% in its price.
Source:CoinMarketCap
PENGU currently stands at $0.01098 during the previous trading period and has demonstrated a 20.85% upward trend over the last day. Traders and analysts observe PENGU closely after it reached its support of $0.009087 along with resistance touching $0.01147.
Technical Breakout Fuels New Momentum
PENGU experienced continuous price decline starting from early 2025 according to the chart. The breach of a long-running trading line marks an alteration in market movement patterns. Such technical patterns indicate a shift from negative market sentiment toward possible bullish continuation when they are accompanied by high trading volume as observed recently.
Source:(X)
This break eliminated past negative forecasts while letting a full-scale upward surge begin its rapid advance after resistance areas became successfully breached. Technical analysts point to such breakouts following long periods of downtrend as indicators of prolonged market recovery while supporting conditions in the broader market remain favorable.
Rising Price Targets and Key Levels
PENGU’s current trading zone requires investors to defend the $0.009087 support level while additional movements depend on holding above this threshold. The price remaining above its current level may push the market value upwards. The primary obstacle at $0.01147 currently faces testing and subsequent breaches could start another substantial price increase.
The projected rally has a 200% rally potential from the breakout point while momentum maintains its current direction. The price could move towards $0.01800 with proper consideration due to it's history of volatility.
Market Context and Broader Sentiment
The bearish technical assessment of the price chart will be affected by current market conditions for cryptocurrencies. General market liquidity combined with the current mood in the meme coin space and Bitcoin price movements will shape PENGU's potential price gains. The major trendline break represents an important development indicating possible long-term changes in the token’s direction.
