$PENGU #bullish

Looking at the daily chart for PENGU/USDT:

Chart Overview:

Current Price: 0.005586 USDT

EMA(7): 0.004760

EMA(25): 0.005429

EMA(99): 0.014451

24H Volume: Still very high at 17.07B (PENGU), showing strong trading interest

Price Action: Recently bounced from the low of ~0.003699 with higher volume

Sentiment Summary:

Short-Term Sentiment: Bullish attempt — Price is now trading above EMA(7) and EMA(25), which is a positive shift.

Long-Term Sentiment: Still bearish — Price is well below EMA(99), and long-term downtrend remains intact.

Cash Flow Insights:

Volume spikes suggest inflow of capital, likely from traders speculating on a reversal.

However, the Chaikin Money Flow (from previous sentiment check) was still negative, showing potential for more profit-taking rather than long-term holding.

Key Resistance Levels (if breakout continues):

0.005928 (Immediate resistance — today’s high)

0.0068 - 0.0072 (Minor resistance zone from recent past consolidation)

0.0110 - 0.0144 (Strong resistance, aligned with EMA(99) and previous breakdown zone)

What to Watch:

Break above 0.005928 with high volume and strong candle body = sign of strength

Rejection at 0.0068 - 0.0072 = potential short zone for scalpers

Keep an eye on volume, RSI, and MACD on lower timeframes for confirmation.