PENGU surged 34% and then fell back to $0.02: Community carnival VS technical trap, is it a real breakthrough or a prelude to the roller coaster of $MEME ?
Today, $PENGU briefly broke through $0.02 and then fell back to $0.0198, up 34.65% in 24 hours. The short-term popularity was heated up due to community sentiment and capital following the trend, but it did not stabilize at $0.02.
The core is to look at three points: short-term gains are driven by emotions, and sustainability requires volume support; $0.02 is a key position, and a breakthrough needs to be confirmed. If it stabilizes hourly, follow the trend, and if it fluctuates, beware of false breakthroughs; long-term value depends on the community ecology, the growth of currency holding addresses, and project actions.
Operation: Short-term holders should reduce their positions near $0.02 to lock in profits, and those who have not entered the market should wait for a retracement to $0.018-0.019 before trying to increase their positions with a light position; track community dynamics in the medium and long term, keep a bottom position when the ecosystem is active, and be alert to the typical callback of Meme coins when the heat subsides, the decline may exceed the increase by 50%. Risk: The current sentiment premium is emotional. If the $0.02 breakthrough is invalid or the market turns cold, it may quickly retreat, and the short-term stop loss should be placed below $0.019.
Once the ETF is passed, Penguin will make history, waiting for global institutions to grab Penguin NFT and coins
The next Pepe, focus on the later stage
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