$PENGU ! 🐧 It seems that the currency is preparing for a new recovery phase after respecting the main support area, reinforcing the scenario of a technical rebound.

📈 Recent highlights:

- Current price: around $0.0355, after bouncing from strong support at $0.030.

- Bullish momentum: supported by a breakout from the demand zone, with expectations to reach $0.045–$0.046 with a growth rate of about 36%.

- Technical resistance: located at $0.0461, which is a critical point to confirm the continuation of the trend.

🔍 Supporting factors for the rebound:

- Technical analysis: A symmetrical triangle pattern on the chart indicates a potential bullish breakout if the momentum continues.

- Momentum indicators: The RSI is approaching oversold areas, which may attract buyers looking for entry opportunities.

- Institutional interest: A special ETF application for PENGU has been submitted by Canary Capital, and it has been accepted for review by the SEC, reflecting a shift in the outlook on meme coins.

⚠️ Important notes:

- Despite the positive momentum, there are concerns about internal sell-offs from wallets linked to the team, as millions of dollars worth of PENGU have recently been transferred to centralized exchanges.

- This may create short-term selling pressure, so it is advised to monitor trading volume and the movements of large wallets.

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