PENGU is currently trading at $0.031085, up +0.96% on the day, after forming a tight consolidation range just below its recent peak of $0.03512. After an explosive rally from $0.0143, the price has entered a sideways phase, signaling potential accumulation before the next move.
Despite the slight dip from the top, bulls are maintaining control as the price remains above $0.02700 support.
📊 Momentum Snapshot:
RSI (6) is at 54.48, sitting in a neutral zone — leaving room for upside without being overbought.
MACD is slightly negative, but flattening — suggesting that bearish momentum is weakening.
Stochastic K/D values (K: 34.53, D: 36.68) show a potential bullish crossover is near, often signaling a reversal to the upside.
📈 Key Levels to Watch:
Resistance: $0.03512
Support: $0.02700
🎯 Trade Setup:
Buy Zone: $0.0305 – $0.0312
Stop Loss: Below $0.0270
Target 1: $0.0335
Target 2: $0.0351 and beyond
🔥 My Take:
PENGU is in a classic consolidation phase after a strong run-up. If price holds above $0.0305, bulls remain positioned for another leg up. A break above $0.0317 could trigger a surge toward the previous high at $0.0351. Volume has decreased slightly, so keep an eye on any sudden spikes as they may precede the next move.
Watch closely — accumulation zones like this often lead to big moves.