$PENGU / USDT
The essentials of the moment:
Current price: approximately $0.0303, with slight downward pressure from intraday highs around $0.0326.
Solid structural support: The zone between $0.028–$0.030 remains firmly defended, with formations such as "bullish engulfing", indicating active accumulation by buyers.
Emerging bullish technical signals:
The TD Sequential indicator generated a buy signal, while a Morning Star pattern reinforces the likelihood of a reversal from support. The initial technical target is near $0.035, with an extension towards $0.048 if the pattern is confirmed.
Simultaneously, a falling wedge with positive divergence in RSI and MACD suggests a potential breakout towards $0.040.
Key supports and resistances (classic levels):
Supports: $0.0298 (S1), $0.0276 (S2), $0.0264 (S3).
Resistances: $0.03317 (R1), $0.03438 (R2), $0.03654 (R3).
Find support in classic technical pivots.
Intense accumulation signals:
The level of $0.034 was strongly defended, with over $704 M in volume, generating several ascending lows that reinforce the bullish trend in the short term. The next technical target is at $0.0418, whose breakout would further push the price.
Key Technical Scenarios
Scenario Key Condition Potential Targets
Bullish Sustained close above $0.034–$0.0365 Short: $0.04 → Medium: $0.048 → Extended: $0.05+
Neutral Consolidation between $0.030–$0.034 Technical base accumulation zone
Bearish Break below $0.028 Correction risk towards $0.026–$0.027
Express Recommendation
Buy, if PENGU manages to sustain a close above $0.034–$0.0365, validating the technical breakout and paving the way towards targets at $0.04–$0.05+.
⏸ Wait, if it remains between $0.030–$0.034, until the technical base strengthens and volume confirmation occurs.
