$PENGU is showing signs of a classic double bottom pattern, a powerful bullish signal that often marks the end of a downtrend. After testing a crucial support zone twice and holding steady, the price appears to be building momentum for a potential reversal.
📊 Technical Insight:
The RSI is rising from oversold territory, hinting at renewed buying pressure.
Volume is picking up around the second dip — a key sign that bulls are stepping in.
On-chain metrics are also flashing green: token flows to exchanges are declining while more is being held in wallets — a sign of accumulation.
If the price breaks above the neckline of this pattern with strong volume, it could set the stage for a significant upward move. This setup is gaining attention among traders looking for early entries.
🧠 Pro Tip: Double bottom patterns are rare but effective. Once confirmed, they can lead to sharp, sustained rallies.
Stay alert and watch for breakout confirmation — $PENGU might just be preparing for lift-off! 💥
Current Price: $0.015332
Change: +8.22%
#PENGU #CryptoTrading #ChartPatterns #bullishreversal #BinanceAlpha
