$PENGU /USDT

Current State & Technical Context

Current price: approximately $0.03697, with an intraday range between $0.0359 and $0.0382.

Recent performance: up more than 23% in the last month, and nearly 31% in the last 30 days.

Market capitalization: around $2.34 billion, with daily volume between $700 – $1,200 million, showing high liquidity.

Volatility: extremely high (~10.65%), reflecting the speculative nature of the asset.

Technical Scenarios

Bullish

A breakout is observed from an accumulation range, with the current price hovering around $0.038, and pressure pointing towards resistance at $0.0404, after which it could advance towards $0.046 and extend towards $0.07.

In the monthly frame, the overall technical outlook is strongly bullish: 12 buy signals, only 1 neutral, and none sell.

Additionally, there are early signs of a potential parabolic peak forming (Elliott Wave) according to recent analysis.

Neutral / Consolidation

Effective support remains between $0.034–$0.035, consistently defended by buyers. The price is consolidating within this range after its recent rally.

Corrective / Downside Risk

A sustained drop below $0.034 would imply a loss of key support, which could lead to weaker levels and increase technical uncertainty.

Key Projections

Horizon Estimated Bullish Target

Short term (days) $0.0404, followed by $0.046

August 2025 Potential extension towards $0.07 if momentum holds.

Medium term / Rally Projection of parabolic rally towards $0.07 or more, according to Elliott structures.

Technical-Strategic Recommendation

Action Key Condition Targets Stop-loss

✅ Buy If it closes above $0.0385–$0.0390 Short: $0.0404 → Medium: $0.046 → Extended: $0.07 ~$0.034

🔁 Wait If it retraces towards $0.034–$0.035 with support Wait for support confirmation for re-entry < $0.033