📈 $PENGU

1️⃣ Trend:

The chart shows the price has broken out from the bottom zone around 0.01–0.015 and surged strongly.

The current price is around 0.036, which has broken above the previous resistance near 0.03.

The short-term trend is bullish, indicated by strong green candles and rising volume (the blue line below shows increasing trading volume).

2️⃣ Pattern:

This looks like a breakout after a long accumulation phase (sideways from March to May).

However, the latest candle has a long upper wick → indicating selling pressure or profit-taking is appearing.

3️⃣ Forecast:

Short term (next few days): A slight pullback is possible, testing the new support zone around 0.03–0.032. If this level holds, the uptrend can continue.

Mid term (next few weeks): If volume remains strong, the price could move toward the 0.04–0.045 zone.

4️⃣ Caution:

If the price drops below the 0.03 zone again, the uptrend will weaken and it may revisit 0.025.

Keep an eye on the volume: if trading volume drops sharply, the rally could lose momentum.

👉 Summary: The main trend is bullish, but the price is near a short-term resistance. A small correction or sideways move is likely before the next leg up.