$PENGU /USDT
The essentials of the moment:
Current price: around $0.03262, with an intraday range between $0.03262 and $0.03395.
Clear technical support: Key demand zones at $0.028–$0.030, which have contained previous corrections.
Technical structure in formation: The price is moving within a triangular pattern (fractal pattern), anticipating a possible breakout if the momentum continues.
Strong recent rally: Since June, PENGU has increased approximately 170%, driven by NFT sales (almost $10 million in volume) and whale accumulation (200 million tokens in July). Technical analysis points to a potential additional rise of 25% towards $0.047.
Emerging institutional narrative: A proposed ETF by Canary Capital could hold between 80–95% in PENGU tokens, projecting greater visibility and potential external capital towards the ecosystem.
Key Technical Scenarios
Scenario Key Condition Potential Targets
Bullish Sustained close above $0.033 Short: $0.040 → Medium: $0.045–$0.047
Neutral / Base Consolidates at $0.030–$0.033 Technical base zone for new momentum
Bearish Drop below $0.030 Risk towards $0.028 or lower
Express Recommendation
Buy if PENGU consolidates above $0.033, which could trigger a move towards $0.045–$0.047.
Wait if it corrects towards $0.030–$0.031, observing support signals before re-entry.
Lightning Summary
The current price hovers around $0.0326, following a historic rally from its April low.
Triangular technical pattern suggests imminent potential technical breakout.
Strong support at $0.028–$0.030, immediate resistance above $0.033.
Key catalysts include NFT sales, whale accumulation, and the potential institutional ETF.
