$PENGU flirts with a breakout — will it rise to $0.07 or correct?
💰 Current price: $0.03127 USD
📊 Key supports and resistances:
Strong support: $0.030
Resistances: $0.035 and $0.040 (level before a possible push towards $0.07)
📈 Technical indicators:
RSI ~40 → neutral zone with potential rebound
MACD → close to bullish crossover
Volume → key: if it increases along with the price, it can reinforce the movement
Formation of ascending triangle, possible accumulation before a breakout
📌 Possible scenarios:
Bullish (breakout): breaks $0.035 and could rise to $0.05 – $0.07
Consolidation: range between $0.030 – $0.035
Bearish: loses $0.030 and corrects towards $0.028 – $0.026
🤔 What do you think?
A) I buy if it breaks $0.035
B) I wait for confirmation
C) I stay on the sidelines
