$PENGU Rally Stalls at Resistance: Breakout Ahead or Double-Top Danger?
PENGU has soared +19.64%, now trading at $0.022961, after briefly touching a 24h high of $0.023847. The price is now hovering just below resistance with strong volume in play — but consolidation suggests the next move is near.
Key Technical Levels
• Resistance Zone:
• $0.02330 – Current range top, capping short-term gains
• $0.02385 – 24h high; breakout confirmation level
• $0.02450 – Next major upside extension
• Support Zone:
• $0.02260 – First key support from current candle structure
• $0.02180 – Mid-range base from previous consolidation
• $0.02080 – Deep support, must hold for bullish continuation
Trade Setup – High Momentum, High Risk
• Bullish Entry: Break and hold above $0.02330
• TP1: $0.02385
• TP2: $0.02430
• TP3: $0.02500
• Bearish Entry: Breakdown below $0.02260
• TP1: $0.02180
• TP2: $0.02100
• TP3: $0.02000
PENGU is at a crucial decision point. A clean breakout above $0.02330 could send it toward fresh highs, while failure to hold $0.02260 might trigger a sharp drop.
Keep it on radar — next candle decides the direction.