On the daily timeframe (1D) $PENGU , the Elliott Wave structure on PENGU/USDT shows that the market has completed waves 1, 2, and 3, with wave 3 displaying strong bullish momentum. The price is currently in the corrective phase of wave 4, which often serves as consolidation before the next upward move. Once wave 4 is completed, the projection points to the development of wave 5, which could push the price higher and form a new peak. This suggests that on the daily timeframe, PENGU/USDT still holds potential for another bullish rally before entering a larger corrective cycle.$PENGU

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