🐧 $PENGU Eyes a Rebound Toward $0.045
Currently trading near $0.034, $PENGU is bouncing off the key $0.033 support zone following a 28% move higher. This comes after a massive 91% rally and a breakout from consolidation, which previously pushed the price to a high of $0.0456.
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📈 Trade Setup:
• Entry Zone: $0.033 – $0.034 (on dips)
• Stop Loss: Below $0.032 (to limit downside risk)
• Target 1: $0.040 (short-term resistance)
• Target 2: $0.045 (retest of major high)
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🔍 Technical Outlook:
Following its bullish breakout and strong support respect, $PENGU is showing signs of a potential continuation. A clean move above $0.037 with strong volume could pave the way toward a $0.045 retest. However, if the $0.033 support fails, further consolidation may occur before the next breakout attempt.
