$PENGU /USDT Heating Up

Current Price: $0.004970

24h Change: +5.12%

Trend: Strong short-term uptrend

Timeframe: 15-minute chart

PENGU/USDT has shown a consistent upward momentum with higher highs and higher lows. The price is riding well above the MA(7), MA(25), and MA(99), confirming bullish structure. Volume has started to decrease slightly, so a short consolidation or minor pullback could follow.

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Possible Trade Setup:

- Entry Zone: $0.004880 – $0.004950 (during a slight dip or consolidation)

- Stop Loss: $0.004740 (below the recent local support and MA(25) level)

- Target 1: $0.005200 (psychological resistance zone)

- Target 2: $0.005500 (possible extension if bullish momentum continues)

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Trade Notes:

- Watch volume — a spike may confirm the breakout continuation.

- If price breaks below MA(25) with strong volume, reevaluate long positions.

- Since it's a perpetual contract, keep an eye on funding rates.

Buy and trade here $PENGU

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