$PENGU /USDT | Technical Analysis 📈

Current Price: $0.016088

24H Change: +11.81%

Timeframe: 1H

🔼 Trend: Strong Bullish Continuation

PENGU is currently exhibiting a well-structured uptrend with price action firmly above all major exponential moving averages. The asset recently broke out from a consolidation zone and is now showing sustained momentum.

EMA(9): $0.01545

EMA(20): $0.01504

EMA(50): $0.01453

EMA(100): $0.01370

EMA(200): $0.01245

This clean EMA alignment reflects a robust bullish structure with increasing buyer confidence.

📌 Potential Entry Zone (Bullish Continuation): $0.01540 – $0.01590

🎯 Target 1: $0.01750 (near-term extension level)

🎯 Target 2: $0.01900 (measured breakout projection)

🛑 Stop Loss: $0.01430 (below EMA-50 and local structure support)

📊 Technical Indicators & Insights:

RSI(9): 72.02 → Entering overbought territory, typically expected during strong upward trends.

Volume: Significant increase in buy-side volume during the breakout, suggesting genuine demand.

Price Action: Clean breakout above previous resistance at $0.01577. No major supply zones until the $0.017–$0.019 region.

EMA Structure: Full bullish fanning of EMAs confirms strong trend health; pullbacks to EMA(20) or EMA(50) may offer secondary entries.

⚠️ Note:

While the trend remains strongly bullish, RSI suggests a potential for short-term cooling or consolidation. If price retests the $0.0155 area and holds with decreasing volume, it may present a favorable continuation setup. Breakdown below $0.0143 would invalidate this structure.