$PENGU is currently in an interesting consolidation phase, trading within a descending channel on the 1-day chart.

The price has recently broken out of the lower boundary, showing signs of bullish momentum. This breakout has the potential to push the price higher, especially if it continues to hold above the support zone around $0.016.

Key resistance levels to watch include $0.025, $0.035, and $0.043. If PENGU$PENGU manages to clear these levels, we could see a strong move towards the next major resistance near $0.07. Fibonacci retracement levels are also aligned with key zones — the 0.5 level at $0.01248 and the 0.618 level at $0.01138, which could act as possible retracement points for future support.

Volume has been increasing, indicating potential for further upside, and the RSI is showing positive momentum. If the price continues to hold its bullish trend, PENGU$PENGU could move significantly in the coming days.

As always, it’s crucial to watch for confirmation around these key levels before taking action. Adjust your position as needed based on how price interacts with these resistance zones.