๐จ PENGU: Bullish Flag in Play? ๐ง๐
$PENGU is holding around $0.034 after a tough 24h (-12%) & week (-9%). But on the ๐ 4H chart, weโve got a textbook bullish flag โ sharp rally to $0.045 (flagpole) โก๏ธ consolidation between $0.035โ$0.04 (0.786 Fib).
Analysts ๐ง say:
- Support: $0.035
- Key Fibs: $0.029 / $0.026 / $0.022
Next targets if breakout: $0.11 ๐ฏ, then $0.19 (10B MC) and even $1+ if hype mirrors DOGEโs last cycle.
Bullish vibes? โ TD Sequential just flashed a buy signal. RSI shows bullish divergence, and trendline support is intact. History shows breakouts often retest before running โ like the $0.017 move earlier this year.
๐ก Tip from the pros: โBuy the dipโ might be smarter than chasing green candles here.
โ ๏ธ Fun fact: In the last 24h, $4M liquidated โ longs hurt the most ($3.1M).
๐ Bottom line: If $PENGU clears $0.04โ0.045, the pennant could launch it much higher. But as always โ manage your risk. ๐ก๏ธ