$PENGU /USDT Price Prediction This Week on Binance
Current Price: ~$0.0176
đTechnical & Market Overview
$PENGU (Pudgy Penguins) recently rallied ~12% from a significant trendline breakout, now consolidating just above $0.017. Blockchain and on-chain analytics reveal strong whale accumulation, while open interest and futures volume remain elevated pointing to sustained interest post-breakout.
However, technical indicators are mixed: daily oscillators lean bearish, despite a bullish golden cross forming on the 4-hour chart.
đThis Week's Forecast
â˘Bullish Scenario: $0.0185 â $0.0215
If current momentum holds and breakout sustains, price could test weekly highs near $0.0215.
â˘Neutral Range: $0.0160 â $0.0185
Likely range-bound action as the market consolidates gains and digests on-chain flows.
â˘Bearish Scenario: $0.0145 â $0.0160
If sellers return and breakout fails, price may pull back to retest support levels.
Trade Plan
â˘Entry Zone: $0.0165 $0.0175
â˘Take Profit 1: $0.0185
â˘Take Profit 2: $0.0215
â˘Stop Loss: Below $0.0160
Strategy Insight
The $PENGU setup looks promising breakout support is backed by on-chain strength and whale interest. A sustained move above $0.0185 could unlock targets up to $0.0215. If the breakout fades, the $0.0160-$0.0175 range offers potential re-entry with tight risk control.
