$PENGU Slides 6% – Relief Bounce or Bear Trap Below $0.034?
PENGU is trading at $0.033578, down over 6% after hitting resistance near $0.036. The chart shows a short-term consolidation, but volume remains heavy — a sharp move could be ahead.
Key Levels to Watch:
• Resistance: $0.03400 – A breakout here could lead to $0.03520 and $0.03600
• Support: $0.03310 – A breakdown may drag PENGU to $0.03200 and $0.03050
Trade Setup – Bounce or Breakdown?
• Bullish Entry: Above $0.03400
• Target 1: $0.03520
• Target 2: $0.03600
• Bearish Entry: Below $0.03310
• Target 1: $0.03200
• Target 2: $0.03050
PENGU is caught in a tight range after a sharp dip. A decisive breakout will set the tone for the next move.