PENGU is currently trading at $0.037690, posting a massive +21.69% gain on the day. The price has experienced a parabolic rally throughout July, breaking out from a multi-month consolidation and signaling a powerful trend reversal.
The daily chart shows a classic V-shaped recovery from the April lows. After a long downtrend, PENGU has established a new, aggressive uptrend, confirmed by the ZigZag indicator. The most recent large green candle shows immense buying pressure, pushing the price to highs not seen since early this year.
📈 Key Levels:
Resistance: $0.04020 (Recent High)
Support: $0.03050
🎯 Buy Zone: $0.03400 – $0.03700 (on a potential pullback)
🛡 Stop Loss: Below $0.03000
🎯 Target 1: $0.04020
🎯 Target 2: $0.04800
🔥 My Take: PENGU is in a full-blown bull rally with incredible momentum. While the move is impressive, its parabolic nature suggests it may be overextended in the short term, and a consolidation or pullback is possible. If bulls can defend the support zone above $0.03050, it would confirm the strength of the trend and open the door for a push toward higher resistance levels.