📊 1️⃣ Current price $PENGU

PENGU/USDT: ~0.0374

24h Change: Up +0.64%, price holding steady around 0.037–0.038.

➡️ What this means:

Price is well above all EMAs (20/50/100/200) → confirms a strong short-term uptrend.

EMA20 is steeply sloping upward, EMAs are nicely spread → momentum is healthy, no sign of a trend break yet.

📌 3️⃣ Support & Resistance

Nearest resistance: ~0.0400 (price tested this but hasn’t closed above yet).

→ If price closes above 0.0400, it could trigger fresh FOMO buying.

Nearest support:

EMA20 area ~0.0265 (dynamic trend support).

Previous consolidation zone ~0.0300–0.0320 (strong static support if price pulls back).

If price falls below EMA20 and stays there → short-term trend will weaken.

🔍 4️⃣ Candles & Volume

Last candles are green, long-bodied → bulls still in control.

Volume remains strong, no sudden drop → no obvious exit signals yet.

📐 5️⃣ RSI & Signal

RSI(14): ~82.05 → firmly in overbought territory.

The RSI chart shows previous Bull/Bear labels worked well. Right now: no new Bear signal → uptrend momentum is still valid but price is extended.

🗞️ 6️⃣ News context

Meme coin trend is still hot, PENGU is being talked about → no big whale dumps detected.

✅ 7️⃣ Summary & Scenario

Trend: STILL BULLISH, but price is overbought, so expect possible shakeouts or mild pullbacks around 0.0400.

If D1 candle closes above 0.0400: Next FOMO leg likely → potential to test ~0.045–0.050.

If it fails to hold 0.037–0.040: Pullback could retest EMA20 (~0.0265) or the ~0.0300–0.0320 zone.

🗂️ Key levels

Level Price

Major resistance ~0.0400

Dynamic support (EMA20) ~0.0265

Strong static support ~0.0300–0.0320

📌 Final view:

✔️ Trend: Still bullish, momentum intact.

✔️ Risk: Overbought RSI → easy to see pullbacks and profit-taking near 0.0400.

✔️ Outlook: BTC strength supports meme coins like PENGU. If BTC stays strong, PENGU should hold well too.