The price of $PENGU is currently $0.040, after a new high of $0.046 was reached earlier today. Over the last 24 hours, this altcoin has grown almost 20%, showing strong short-term growth. For PENGU to continue its growth, reliable support from investors is necessary. If the altcoin can maintain this buying pressure, it is likely to surpass its peak of $0.046 and aim for a new high, potentially reaching $0.052 or higher. A key factor for further growth will be market confidence. A potential drop below the support level of $0.040 could lead to a decline to $0.029, which would signify a complete reversal of the recent bullish trend and negate the optimistic outlook.