$PENGU /USDT BULLISH BREAKOUT ā STRONG MOMENTUM BUILDING ABOVE KEY LEVELS
Price: $0.01909
24h Change: +29.45% š
24h High/Low: $0.019399 / $0.014426
Volume (24h): 4.82B PENGU / 80.25M USDT
š 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 ā Local high tested in the last 24h
$0.02000 ā Psychological round number and potential breakout zone
3. Key Support Levels:
$0.01696 ā Previous rejection zone, now acting as support
$0.01500 ā 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.
ā Bullish Scenario
If the price holds above $0.01850ā$0.01900, a continuation toward $0.022ā$0.025 is likely, especially on sustained volume. A clean break and close above $0.02000 could trigger rapid upside.
ā ļø Bearish Invalidations
Breakdown below $0.01650 could invalidate the short-term bullish bias.
Low-volume retest of $0.02000 may signal exhaustion.
š 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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