$PENGU UPDATE – Technical Breakdown
Pengu (aka Asia’s Doge) is currently consolidating within a bullish pennant, following a strong impulse move. While the macro trend remains bullish, indicators suggest a short-term pullback is likely before continuation.
Key Levels To Watch:
Support Zone: $0.01000 – $0.01050
(Aligned with 0.5 Fibonacci level + historical demand zone)
Resistance: $0.0145 – $0.015
MACD: Bearish crossover forming — expect a cool-off phase
RSI: Cooling down from overbought, currently near 59
Scenario: Price could dip back to the $0.0105 region (highlighted in green), which may act as a launchpad for the next move toward $0.022 if support holds and volume confirms.
Summary:
Short-term correction possible — bullish continuation intact. Watch $0.0100 zone for bounce entries.
#Pengu #AltcoinUpdate #CryptoTA #WealthBuilder99 #BinanceSquare