#PENGU

PENGU is currently trading at $0.029. The penguin-themed meme coin recently climbed into the top five meme coin list after forming a new all-time high at $0.070, which stands 134% above the current price, overtaking popular tokens like dogwifhat (WIF) and Floki (FLOKI). Its rising prominence has drawn significant attention from investors in the meme coin space.

Although a 134% price jump is unlikely, PENGU could target flipping the $0.040 resistance level into support. Achieving this would provide the meme coin with a foundation for potential rallies.

PENGU Price Analysis. Source: TradingView

However, a loss of support at $0.029 could push PENGU down to $0.022, invalidating the current bullish outlook. Such a drop would likely dampen investor sentiment, reinforcing bearish pressure. Market participants are weighing these scenarios to gauge PENGU’s next move.