$PENGU /USDT

Current status

PENGU is trading near $0.038–$0.040, with robust daily volume exceeding $800 million, indicating high liquidity and active market participation.

In the last 90 days, it has seen a rise of about +166%, forming higher lows while maintaining technical support near $0.030.

The technical structure shows a clean consolidation under resistance. Currently, a cup-and-handle pattern is observed, suggesting potential upside breakout.

There is constant accumulation by "whales" and recent listings on Bitstamp (Robinhood) and Arkham, reinforcing the token's accessibility for institutional and retail investors.

Additionally, there is a proposed ETF Canary PENGU under review by the SEC, adding a key institutional catalyst.

Technical scenarios

Bullish Scenario:

If PENGU breaks and holds above $0.045–$0.047 with solid volume, the path opens towards $0.05–$0.06 in the short term.

With the cup-and-handle complete and if institutional capital flows in, a push towards $0.10–$0.11 remains technically in perspective.

Conservative / Technical Scenario:

If it holds above $0.030–$0.033 and consolidates around the current support, increases of +10%–15% are projected, reaching $0.038–$0.040, with potential to move towards $0.044–$0.046.

Bearish Scenario:

If it loses support at $0.030, corrections towards $0.028–$0.025 could be seen.

Extended Goals and Time Projections

Horizon Bullish Estimate Source / Observation

Medium term $0.05–$0.06 Cup-and-handle, listings and technical accumulation

Long term $0.10–$0.11 Technical flag and structural momentum

Technical Recommendation

Action Condition to do so Target Stop-loss

✅ Buy If it breaks and closes above $0.045–$0.047 with strong volume $0.05–$0.06 → $0.10–$0.11 $0.038

🔁 Wait If it retraces to $0.038–$0.040 with clear technical support Consolidation towards $0.045 → subsequent rise $0.033