$PENGU Coiling Up for a Breakout – Can Bulls Reclaim $0.035?
$PENGU is currently trading at $0.03353, consolidating just below the key resistance of $0.03400. Price is tightening in a low-volatility range, forming a base above $0.03320. If bullish momentum kicks in, we may witness a swift push toward higher liquidity zones.
Key Technical Levels
• Resistance Zone: $0.03400 – $0.03500
A breakout above this could unlock targets near $0.03650 and $0.03800.
• Support Zone: $0.03320 – $0.03250
Failure to hold could trigger a correction to $0.03180 and $0.03080.
Trade Setup
Bullish Scenario
• Entry: Above $0.03410 (candle close with volume)
• Target 1: $0.03650
• Target 2: $0.03800
• Stop Loss: Below $0.03320
Bearish Scenario
• Entry: Below $0.03250 (support breakdown)
• Target 1: $0.03180
• Target 2: $0.03080
• Stop Loss: Above $0.03340
What to Watch
• 15M candle close above $0.03400
• Volume spike on breakout
• Weak rejections or wicks near $0.035 zone