$PENGU Explosive Rally, Now Eyeing a Break Above $0.0348
PENGU has posted a parabolic move, rallying over 20% in the last session. Price is now consolidating below local resistance with heavy volume and strong buyer control. The current pullback appears healthy, but the next candle close will be critical for breakout confirmation.
Key Levels to Watch
Resistance Zone:
• $0.0348 – Intraday high, major breakout point
• $0.0362 – Fib extension zone
Support Zone:
• $0.0330 – Key local demand
• $0.0312 – Structure invalidation
Trade Setup – Breakout in Progress or Pullback Trap?
Bullish Entry: Clear break and hold above $0.0348
• Target 1: $0.0362
• Target 2: $0.0390
Bearish Entry: Rejection near $0.0348 and break below $0.0330
• Target 1: $0.0312
• Target 2: $0.0295
Momentum remains strong but watch for a retest and hold of the $0.0330 area to confirm this as a launchpad for the next leg up.