$PENGU /USDT
The essence of the moment:
Current price: approximately $0.032, with a slight intraday drop of 1–2%. Daily volume exceeds $420 million, and the market capitalization is around USD 1.99 billion.
Bullish technical patterns:
A symmetrical triangle is forming on the chart, which typically precedes an explosive move. A breakout could lead to a technical target around $0.07.
Alternatively, a cup-and-handle pattern is observed, with a potential breakout above $0.045, which could drive the price towards $0.05–$0.07 if confirmed.
Other analyses highlight a recent technical breakout with eyes on $0.041, and even more aggressive scenarios see potentials of up to $0.075.
Technical support within key zone:
The support zone between $0.028–$0.032 has been defended multiple times, supporting the accumulation structure.
Liquidity concentrated around $0.028 and $0.033, reflecting robust buying interest and strong demand.
Key Technical Scenarios
Scenario Key Condition Potential Targets
Bullish Consistent close above $0.033–$0.034 Short: $0.04 → Medium: $0.045–$0.05 → Extended: $0.07+
Neutral / Base Consolidation between $0.030–$0.033 Technical accumulation before the breakout
Bearish / Risk Drop below $0.028 Risk of retracement towards $0.025
Express Recommendation
Buy if PENGU consistently closes above $0.034, aiming for $0.045–$0.07.
Wait if it retraces to $0.028–$0.030, and re-enter upon confirmation of technical support.
Flash Summary:
Currently trading around $0.032, with robust volume and capitalization.
Favorable technical pattern (triangle, cup-and-handle) points to a potential technical rally.
Key support between $0.028–$0.032, decisive resistance over $0.033–$0.034.
Clear technical objectives: upside potential towards $0.045–$0.07 if a breakout is confirmed.
Liquidity and accumulation of smart money strengthen the technical narrative.
