📌 PENGU Chart & Market Outlook
* 🔸Price levels: Trading range ~$0.029–$0.0339; key support around $0.031, resistance near $0.0348–$0.0350.
* 🔸Volume/Sentiment: Recent 47% rally on ETF speculation, whale buying, and strong NFT sales—though volatility is rising.
* 🔸Technical patterns:
* RSI shows a bullish divergence and is turning up near support.
* Price forming a falling wedge on 4h chart—typical breakout setup.
* 🔸On-chain behavior: Frequent dips into the $0.029–$0.031 fair value gap attract buyers and limit downside.
🎯 What to Watch
1. 🔷Support at ~$0.031 – Hold = bullish continuation; break = retest of $0.029 or lower support zones.
2. 🔷Resistance at $0.0348–$0.035 – Clear and close above with volume could fuel a breakout toward $0.04–$0.045.
3. 🔷Volume confirmation – Watch for strong volume on breakout or bounce; weak volume raises risk of false moves.
✔️ Short, Smart Take
* ❇️Defends $0.031? PENGU remains structurally bullish with a breakout path to $0.04+.
* ❇️Fails $0.031 support? Potential drop to next demand zone at $0.029 or lower.
* ❇️Clean close above $0.035 on high volume opens door to $0.045 resistance.
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