$PENGU / USDT
The essence of the moment:
Current price: ~$0.0307, after a slight intraday drop following a high of ~$0.03118 and a low of ~$0.02879.
Strong support zone at $0.03–$0.0302: This range remains a key technical base to maintain the bullish structure intact.
Renewed technical momentum:
Inverse failure pattern (falling wedge) and positive divergences point to a structural recovery.
Cumulative activity is noticeable again, aligned with an emerging cup-and-handle near the breakout level (~$0.042).
Powerful external catalyst:
Justin Sun's endorsement generated a +31% rally, with technical projections to advance towards ~$0.060.
The SEC has acknowledged the ETF application from Canary Capital, paving the way for a potential +100% boost if approved.
Market dynamics and additional validations:
The token led with +90% gains in the last week, even surpassing Dogecoin and showing strong on-chain support and volume.
Despite recent drops (~7%), the base of holders continues to expand, reflecting sustained demand.
Technical projections and medium term:
The next technical target is to break above $0.043, extending towards $0.05–$0.10 depending on momentum.
Technical Scenarios
Scenario Key Condition Potential Targets
Bullish Solid close above $0.032–$0.033 Short: $0.040 → Medium: $0.043–$0.050; Extended: $0.10+
Neutral Consolidation between $0.030–$0.032 Technical base zone for re-impulse
Bearish Drop below $0.030 Risk of retracement towards $0.028
Express Recommendation
Buy if PENGU consolidates above $0.032–$0.033, opportunity for significant technical rally towards $0.043–$0.05.
Wait if it remains within support between $0.030–$0.031, until confirmation of structure and volume.
