$PENGU /USDT

🔸 Currently, PENGU is trading near $0.0373–$0.0380, with a market capitalization of around $2.35 billion USD and a daily volume between $500M and $700M. In July, its price jumped more than 140%, consolidating from lows near $0.0037.

🔹 If it breaks and closes above $0.0400–$0.0420 with strong volume, it could drive:

🎯 Short target: $0.045–$0.048, aligned with previous highs and technical resistance.

🔄 Extended target: $0.060–$0.070 and in very bullish scenarios, even surpass its ATH around $0.069–$0.057, taking advantage of the possible approval of the Canary ETF that would target between 80–95% in PENGU plus SBTs and NFTs.

⚠ Warning: If it fails to maintain the level of $0.037, we could see a correction towards $0.032–$0.030, with technical pressure reflected in a bearish MACD although with decreasing histograms that could signal a reversal.

✅ Should I buy now?

Prudent suggestion: enter if it confirms broken resistance above $0.040–$0.042; or wait for a retracement towards technical support around $0.035–$0.037 before considering entries.

📌 Current recommendation:

Action Condition to do it Target Stop-loss

Buy If it breaks and closes above $0.040–$0.042 with solid volume $0.045–$0.048 $0.037

Wait If it retraces to $0.035–$0.037 and shows clear technical support $0.045–$0.048 (→ $0.060–$0.070+) $0.030

🎯 Extended target: $0.060–$0.070 (technical ceiling), with potential to reach or exceed the ATH (~$0.069), especially if the ETF thrives and the narrative of NFTs + community strengthens.