$PENGU latest update with entries & targets for today.
Are you #bullish on #pengu today?? 🚀🚀🚀🚀
👇👇👇👇👇👇👇👇👇
Current Market Snapshot
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- Price : $0.035–$0.037 (varies by exchange) .
- 24h Performance : (+4% to +7.8%), recovering from recent volatility .
- Key Levels:
- Support : $0.033–$0.035 (critical zone; breakdown could target $0.025) .
- Resistance : $0.037–$0.043 (breakout above $0.043 could signal bullish continuation) .
- Sentiment : Mixed-to-bullish (11/17 technical indicators signal buy; RSI at (46–54), neutral) .
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Technical Analysis :
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1. Trend :
- Trading above 50-day EMA but facing resistance near $0.037.
- Ascending triangle forming; breakout above $0.037 could target $0.043 .
2. Volume : Rising buying volume suggests accumulation, but watch for whale-driven swings .
3. Catalysts :
- NFT market trends (Pudgy Penguins NFT floor price up 26% recently) .
- Potential exchange listings (e.g., Rain in UAE) boosting liquidity .
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Entry & Trade Strategy :
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Bullish Scenario (Breakout):
- Entry : $0.035 (confirmed with high volume).
- Targets : $0.040–$0.043 (next resistance) .
- Stop-Loss : Below $0.031.
Bearish Scenario (Pullback):
- Entry: Near $0.033–$0.035 (if support holds).
- Targets : Rebound to $0.037–$0.038.
- Stop-Loss : Below $0.033.
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Key Risks :
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- Volatility : Meme coins like PENGU can swing **±20% daily.
- NFT Dependency : Price tied to Pudgy Penguins NFT demand .
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