PENGU Approaching Key Support Level — Potential Buying Opportunity 💰
The Pudgy Penguins ($PENGU ) token is nearing an important support level around $0.038 - $0.039. If the price holds near this level or shows signs of bouncing back, it could be a good chance to buy.
Why is this important? 👀
PENGU has historically found strong support around $0.038, which often prevents further price drops.
At the same time, Bitcoin ($BTC ) is also close to its recent lower range.
If BTC rebounds from this support, altcoins like PENGU tend to follow and can see significant upside.
What to watch for? 🔎
Price action near the $0.038 support level, if it holds, consider buying.
BTC’s price movement, a BTC rebound can drive PENGU higher.
Use a stop-loss below the support to manage risk if prices fall further.
👇
With PENGU close to its support at $0.038 and BTC near its bottom range, this could be a good entry point for buyers looking for a potential upside. Always trade carefully and manage your risk.
