$PENGU Consolidates Before Lift-Off? Watch This Tight Range Closely
$PENGU/USDT is trading at 0.014972, up +3.16%, steadily building higher lows within a narrow sideways channel. After reclaiming critical support near 0.01450, PENGU is coiling just beneath key short-term resistance — a breakout could shift the momentum fast.
Key Technical Levels
Resistance Range:
0.01500 – 0.01530
A breakout above this range could spark a rally toward:
• Target 1: 0.01580
• Target 2: 0.01650
Support Range:
0.01460 – 0.01440
Losing this level might trigger another dip with targets near:
• Target 1: 0.01400
• Target 2: 0.01365
Trade Outlook
Bullish Setup:
If PENGU breaks above 0.01530 on strong volume, a push toward previous highs is likely. Accumulation patterns are forming — watch for confirmation.
Bearish Setup:
If sellers gain control and the price drops below 0.01460, momentum could reverse back toward lower supports.
PENGU is compressing near a breakout zone. If buyers can flip 0.01500 into support, momentum may quickly shift bullish. Otherwise, a rejection could lead to a retest of lower zones. Stay patient — the squeeze is building.