๐ฃ๐๐ก๐๐จ ๐๐ฟ๐ฒ๐ฎ๐ธ๐ ๐ฅ๐ฒ๐๐ถ๐๐๐ฎ๐ป๐ฐ๐ฒ โ ๐๐ฎ๐ป ๐๐ ๐๐ผ๐น๐ฑ ๐๐ฏ๐ผ๐๐ฒ $0.028?
๐ What sparked the rally?
PENGU exploded by 26% in the last 24 hours, now trading around $0.02823.
The move started when Coinbase changed its profile pic to a Pudgy Penguin โ sparking massive social media buzz and retail buying.
Volume also surged:
โ Over 9.6B PENGU traded on Binance
โ Global daily volume jumped +282% to ~$2.38B
That level of volume often confirms real buying strength, not just a quick pump.
๐ Chart action:
PENGU had been stuck between $0.012โ$0.016, but broke out early July.
The real momentum kicked in when price flipped $0.016 from resistance into support.
On July 13, it reached a high of $0.0326 before closing near $0.0306 โ showing buyers stayed in control.
Today, after small pullbacks, price still holds above $0.028 โ keeping the shortโterm trend bullish.
โ What traders should watch now:
โ Hold above $0.028 โ likely retest of recent highs $0.032โ$0.033
โ Support zones to watch if it dips: $0.026 then $0.022
โ A daily close below $0.022 would weaken the setup and could trigger a bigger pullback.
๐ Why volume matters:
A high volume breakout shows real demand.
Volumeโtoโmarket cap ratio hit over 129% โ meaning lots of traders were active compared to the coinโs size.
If volume stays high, PENGU can keep momentum. If volume fades, price may also cool off.
๐งญ What next?
Bulls: Look for price to stay above $0.028; next targets around $0.032 and $0.035
Bears / cautious: Watch for drop below $0.026 or $0.022 โ could signal shortโterm top
In short:
PENGUโs meme power + social media hype + real trading volume created a solid breakout. As long as it holds above $0.028, the uptrend looks alive. But always watch volume and daily close to confirm strength.
