๐ Breakout: $PENGU
PENGU is showing a strong breakout, currently trading at $0.038946, up 26% in the last 24 hours.
The chart shows a clear bullish trend starting from around $0.0077, with strong green candles and rising trading volume โ confirming real buying pressure.
The short-term moving averages (MA7, MA25) are trending sharply upward, signaling that the uptrend is intact.
The consistent high volume supports the rally, indicating itโs not just a โpumpโ without real demand.
๐ Potential to break ATH:
With this strong momentum, PENGU has a realistic chance to test and break its previous All-Time High (ATH) near the $0.039โ$0.040 zone.
If price breaks and holds above this level with solid volume, it could open the door to new highs and extend the rally.
Longer-term stats look bullish too โ over the last 90 days, PENGU has gained more than 600%, showing this uptrend is not just a short-term spike.
โ ๏ธ Risks:
An RSI above 80 means a short-term correction may happen, as some traders may take profits.
Itโs wise to manage risk and avoid going all-in at overbought levels.
โ Summary:
PENGU is experiencing strong bullish momentum with clear potential to break its ATH soon, if the buying power holds up. Watching for a solid breakout candle above $0.040 with volume is key. Meanwhile, traders should manage positions carefully and watch for possible pullbacks to support around $0.030โ$0.035 for safer entries.