PENGU’s Next Move Bullish Setup at $0.045 Entry Zone. Must Read it.

Pudgy Penguins PENGU is trading around $0.035–$0.036, eyeing a key break above $0.0450 as a critical activation point for bullish continuation.

Market Snapshot (TradingView, CoinGecko, Gate)

Current price: $0.0352 USDT at the time of writing +3.3% in 24h, volume rising, market cap > $2.2B

Recent rally peaked near $0.047, marking a local all-time high before a pullback

Setup & Entry Plan

Entry Trigger:Only chase above $0.0450 reclaiming this level on the 4‑hour chart confirms bullish momentum

Avoid positions below $0.0450 until rejection is invalidated

Pros & Cons

Strong short term momentum recent ATH near $0.047 Bearish double top pattern spotted at $0.0455 with neckline around $0.0356

Large and active community plus media partnerships Walmart toys, media expansion.

Breaking support below $0.036 may lead to correction toward $0.025 zone

Possible ETF & institutional attention via proposed PENGU/NFT ETF filing High volatility and memecoin risk, limited real utility so far price highly sentiment‑driven

Map of Potential Moves

Break above $0.0450

Signal long entry target next resistance near $0.050–$0.055

Potential further rally toward $0.060+ if momentum continues

Failure/reject at $0.0450 or drop below $0.036

Risk of deeper retracement to $0.030–$0.025 support zone

Final Thought

PENGU offers a high-risk/high-reward setup its rebound to $0.0450 could trigger a strong move, but traders must be disciplined and wait for confirmed breakout. With media exposure, NFT linked ETF filings, and brand traction, PENGU remains one to watch but only if entry criteria are met.

Entry: > $0.0450

No trade below $0.0450

DYOR

#PENGU