$PENGU Struggles to Reclaim Ground – Bulls Testing Patience
PENGU just tapped fresh intraday lows before staging a modest bounce. It’s now sitting around $0.01577, down 0.82%, and showing signs of a tug-of-war between buyers and sellers on the 15-minute chart.
Key Zones to Watch
Resistance Levels:
• $0.01590
• $0.01610
• $0.01640 – Major hurdle for a bullish continuation
Support Levels:
• $0.01560
• $0.01537 – Key to hold, or we may test deeper lows
Trade Setup
Bullish Scenario:
• Buy on breakout above $0.01590
• Target 1: $0.01610
• Target 2: $0.01640
• Stop-loss: Below $0.01560
Bearish Scenario:
• Sell if price fails to hold $0.01560
• Target 1: $0.01537
• Target 2: $0.01510
• Stop-loss: Above $0.01590
The market’s undecided for now, but if bulls can clear $0.01590 with strong volume, a short-term rally could follow. Keep a close eye—this one could flip fast!