$PENGU

📉 Support & Resistance Levels

Support Levels

**~$0.0280 USDT** — Recent intraday low; often acts as short-term support

**~$0.0272 USDT** — Seen as the next possible support, consistent with a bearish short-term target zone

**$0.0226 USDT & $0.0160 USDT** — Longer-term bearish targets if downside momentum continues

Phemex analysis highlights $0.030–$0.035 USDT as a key support zone

Resistance Levels

**$0.0320 USDT** — Intraday high; short-term resistance

**$0.0350–$0.0360 USDT** — Mid-range resistance; often tested, with potential breakout if momentum strengthens

**~$0.0431 USDT & $0.0469 USDT** — Major breakout targets based on historical highs and trendline resistance

**$0.0470–$0.0500 USDT**, with a broader target at $0.08 USDT if bullish momentum persists

🧭 Technical Summary

Current Price: ~$0.0317 USDT (down ~0.06% intraday)

Price is near the lower boundary of the $0.030–$0.035 support zone.

Break above $0.035–0.0360 would open the door to higher resistance at $0.043–$0.047, and potentially $0.05–$0.08 if momentum persists.

Break below $0.0280 risks a drop toward $0.0272, and possibly deeper support at $0.0226–$0.0160 in a bearish scenario.

Indicators such as MACD and RSI show potential overbought/neutral conditions, signaling caution near resistance areas .

📊 What to Watch

Volume:

High-volume breakout above resistance levels increases the odds of sustained upside. Low-volume dips might signal healthy consolidation rather than reversal .

**Trendlines & Pivot Points:**

Traders often use pivot calculations and trendline breaks to confirm momentum shifts. Multiple tests of these levels strengthen their validity .

Technical Indicators:

Keep an eye on moving averages, RSI, and MACD crossovers for clues on momentum and reversal points .