$PENGU

• Bias: Bullish — breakout confirmed; RSI entering overbought territory but trend intact

• Recommendation: Accumulate on dips. Consider partial profit-taking near $0.032–$0.033 and re-enter higher

• Short only if clear rejection emerges at $0.032 and price fails to sustain above

Long Position Strategy

• Entry Zones:

• Primary: $0.0250 – $0.0280 (buying dips into support)

• Aggressive: $0.030 – $0.032 (confirmation of breakout)

• Take Profit (TP) Targets:

• TP1: $0.030 – $0.032 (near-term breakout target)

• TP2: $0.040 – $0.045 (Fibonacci/previous resistance)

• TP3: $0.060 – $0.070 (retest of all-time high)

• Stop Loss:

• SL1: $0.0235 (just below wedge support)

• SL2: $0.0220 (if broader downside unfolds)

Support & Resistance Levels

• Support Zones:

• $0.025 – $0.026 (current demand area)

• $0.022 – $0.023 (wedge support)

• Resistance Levels:

• $0.030 – $0.032 (immediate breakout target)

• $0.040 – $0.045 (mid-term resistance)

• $0.060 – $0.070 (all-time high zone) CoinDCX

• ETF Traction: CBOE filing for a PENGU + NFT ETF is fueling institutional interest Financial Times+2CoinDCX+2Indiatimes+2

• Momentum Playing Out: Broader crypto rally led by Bitcoin ATH boosts meme/NFT token flows

• Whale Activity & Volume: Coinglass & Binance orderbooks show robust taker inflows; open interest rising

• Long-Term Forecasts: Analysts project ranges between $0.022–$0.040 by late 2025, with speculative upside to $0.101 by 2030