$PENGU /USDT: PARABOLIC SURGE OR SHORT-TERM FRENZY❓🎯
PENGU has snapped out of its long slumber with a weekly chart that looks more like a rocket launch than a token currently trading at $0.03231, up +10.66% in just 24 hours.
Key Highlights:
Base Building: After consolidating near $0.00370, 🐧PENGU finally caught a bid—classic accumulation before the breakout.
Vertical Momentum: A massive green candle signals overwhelming buying pressure, characteristic of meme-coin rallies.
EMA Alignment:
EMA(7): $0.02061
EMA(25): $0.01623
Both EMAs are sharply rising, with the short-term EMA well above the medium-term, confirming a strong uptrend.
Price Context:
24h Low: $0.02893 (solid bounce)
24h High: $0.03489 (minor pullback—healthy)
Volatility Fuel:
24h Volume: 7.89 B PENGU
USDT Volume: $253.37 M
Such record-breaking volume underpins the move and draws even more attention.
Watch These Levels:
Immediate Resistance: $0.03500—clear break here could send PENGU even higher.
Dynamic Support: EMA(7) at $0.0206 and EMA(25) at $0.0162—any retest and hold here would suggest trend continuation.
Caution Signs: Look for long upper wicks or volume drying up on new highs—potential warning of exhaustion.
