$PENGU Explosive Move ๐ฅ
#PENGU has shown an aggressive upside breakout across all timeframes โ but can the rally sustain or is a healthy correction due?
1 Hr & 15Mins Chart: Cooling Off at Resistance
Clean bullish structure with MA7 > MA25 > MA99 > MA200
Minor lower highs forming on 15M โ suggesting local exhaustion
Still holding above short-term support $0.031โ$0.030
If support breaks, retracement toward $0.027โ$0.028 is likely
1Day Chart: Full Trend Reversal
Reversal confirmed from the bottom $0.00369 โ $0.033+ โ over +790% gain
MA7 has flipped bullishly above all key MAs
Currently consolidating around $0.033 after tapping $0.03489
Key Levels to Watch:
Resistance: $0.0349 (Recent top), then $0.0396 and $0.047
Support zones: $0.030 โ $0.027 โ $0.024
Trend invalidation: Below $0.020
Conclusion:
โก Massive run-up likely driven by hype or low-cap momentum
๐ Expect consolidation or mild retrace before another move
๐ Still bullish unless $0.027 fails