Alright, folks! The crypto world is in a frenzy and now all eyes are on PENGU, the token of the Pudgy Penguins. A well-known analyst in the crypto neighborhood, Ali Martínez, dropped a bombshell that has us all wide-eyed. Do you remember that 'bullish flag' pattern? Well, according to him, PENGU is drawing just that and could be on the verge of breaking through the ceiling.
To put it simply, the 'bullish flag' is like a traffic signal in the trading world. First, there is a strong price surge (that's the 'pole'). Then, the price stays somewhat still, as if it is taking a breather, moving sideways in a channel (that's the 'flag'). Those in the know say that after that pause, the price often shoots up again, and with the same strength as the initial surge! 🤯
Martínez shows us a chart where PENGU has been in that 'flag' phase for quite a while. And although it has tried to break the upper resistance and hasn't been able to, the analyst remains hopeful. He says that, based on the size of the initial 'pole', if PENGU breaks out of this channel, its price could reach $0.10. Now that's a good profit for those in the game!
Now, if we look at the present, the price of PENGU is somewhat low, having fallen 7% in the last 24 hours. So, the million-dollar question is: will the rally come true or will this penguin stay in the pool? 🤔
Time will tell if this analysis comes true and if PENGU becomes the next star. For now, it's a reminder that in the crypto world, signals are everywhere; you just have to know where to look.$PENGU
