$PENGU /USDT BULLISH BREAKOUT – STRONG MOMENTUM BUILDING ABOVE KEY LEVELS

Price: $0.01909

24h Change: +29.45% šŸ“ˆ

24h High/Low: $0.019399 / $0.014426

Volume (24h): 4.82B PENGU / 80.25M USDT

šŸ” Technical Analysis (4H Timeframe)

1. Trend:

PENGU/USDT is exhibiting strong bullish momentum, with price breaking out of consolidation and posting a nearly 30% surge in 24 hours.

2. Key Resistance Levels:

$0.01940 – Local high tested in the last 24h

$0.02000 – Psychological round number and potential breakout zone

3. Key Support Levels:

$0.01696 – Previous rejection zone, now acting as support

$0.01500 – Consolidation base before this pump

4. Volume Surge:

High volume confirms genuine buying interest, supporting the breakout and reducing the likelihood of a bull trap.

5. Momentum Indicators (not shown but inferred):

Likely RSI > 70 indicating strength, possibly overbought but not yet reversing.

MACD bullish crossover anticipated due to recent price acceleration.

āœ… Bullish Scenario

If the price holds above $0.01850–$0.01900, a continuation toward $0.022–$0.025 is likely, especially on sustained volume. A clean break and close above $0.02000 could trigger rapid upside.

āš ļø Bearish Invalidations

Breakdown below $0.01650 could invalidate the short-term bullish bias.

Low-volume retest of $0.02000 may signal exhaustion.

šŸ“Œ Conclusion

PENGU/USDT is in a confirmed bullish breakout phase, supported by strong volume and price structure. As long as price stays above $0.01696, buying dips remains favorable with targets at $0.022 and $0.025.

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