$PENGU Technical Outlook: Bullish Momentum Gaining Strength 🐧

PENGU is showing significant technical strength on the daily chart, with momentum indicators aligning in favor of the bulls. The price has consistently held above both the 9-day and 20-day EMAs, reinforcing an ongoing uptrend supported by increasing buyer interest.

The MACD remains in bullish territory with a widening gap between the MACD line and its signal, indicating sustained upward momentum. Meanwhile, the RSI has entered overbought territory — often a sign of strength during trending moves, though it may warrant caution for late entries.

Order book analysis adds further weight to the bullish case. Several strong bid walls beneath current levels offer downside protection, while a thick cluster of ask walls near $0.032 may act as short-term resistance. A breakout above these levels could accelerate upward price action toward the next resistance zones around $0.035 and beyond.

With market structure favoring buyers and momentum indicators confirming the trend, #pengu remains one to watch closely for potential breakout setups.

#TradingCommunity #Memecoins🤑🤑 #TechnicalAnalysis

Read the full analysis: www.ecoinimist.com/2025/07/15/whales-bidding-hard-pudgy-penguins-price