$PENGU / USDT
Current price: around $0.0340, with an intraday low of $0.0337 and a high of $0.0365.
The essentials of the moment:
Strong technical support: Between $0.030–$0.032, consistently defended and reinforced by a forming “bullish flag” pattern, supported by an RSI recovery from oversold territory.
Immediate resistance:
Between $0.039–$0.042, first level of technical control.
If surpassed, projected targets rise to $0.047 and $0.065, even close to $0.10 if the Fibonacci extension is activated.
Notable recent momentum:
In July, PENGU rose nearly 55%, driven by a breakout from the symmetrical triangle.
Whales are accumulating on dips, suggesting increasing demand.
Analyst outlook and projections:
Short-term predictions estimate a correction towards $0.0256–$0.027 in September, but technical sentiment remains Bullish.
In the long term (2026+), an annual average of ~$0.05 is projected, with the possibility of reaching between $0.14–$0.22 in expansive utility scenarios.
Institutional and cultural support:
A PENGU-focused ETF (Canary Spot PENGU ETF) is proposed with 80–95% exposure to PENGU, representing a key step towards traditional financial adoption.
Technical Scenarios
Scenario Key Condition Potential Targets
Bullish Sustained close > $0.039–$0.042 Short: $0.047 → Medium: $0.065 → Extended: $0.10
Neutral Range between $0.030–$0.039 Consolidation/technical band zone
Bearish Sustained break < $0.030 Correction risk towards $0.025–$0.028
