$PENGU

Price & Moving Averages

Current price: ~$0.0291, trading above key MAs, which indicates a solid short-term uptrend.

Key support zones: $0.022–$0.024 (where the price bounced recently).

Fibonacci & Pivot Levels

Major Fibonacci resistance: 50% retracement near $0.036, next is the 61.8% level around $0.044.

If price breaks above $0.036 with good volume, it may test the next key level at $0.044, then aim for the previous ATH near $0.07.

Daily Pivot Points:

R1: ~$0.0303

R2: ~$0.0307

Price is hovering just below R1 — if it holds, it could push quickly towards R2–R3.

Risks & Cautions

Momentum remains strong, but a few small red candles on the daily chart hint at short-term profit-taking.

If the price breaks below the $0.022–$0.025 support zone, it could drop toward the 50-day SMA (~$0.025) or 100-day SMA (~$0.022).

Takeaway

Trend: Strong bullish trend technically, still supported by hype (Coinbase NFT news, ETF rumors).

Key Level: Watch $0.030 — a sustained move above could trigger more upside.

Medium-Term Target: $0.036–$0.044 if the bullish wave structure holds.

Risk Management: Key support is $0.022–$0.025 — losing this area weakens the bull case.

Disclaimer: This is for educational purposes only, not financial advice. PENGU is a high-volatility meme coin — manage position sizes, use stop-loss orders, and always verify news (like the ETF rumor) for updates. #pengu