- PENGU trades at $0.035, down 7%, however quantity stays excessive.
- Bullish pennant and powerful fundamentals level towards $0.038 retest.
- Group sentiment above 95% reveals confidence is holding regular.
PENGU has been beneath strain, dipping about 7% within the final 24 hours, however the token remains to be clinging to its key help zones. Buying and selling round $0.035, it’s managed to maintain its bullish construction intact regardless of volatility, with patrons stepping in close to $0.033–$0.034. Elevated buying and selling quantity above $315M reveals exercise is much from fading, and plenty of merchants are already searching for one other try on the $0.038 resistance.
Bullish Pennant Sample Alerts Potential Breakout for PENGU
On the charts, PENGU remains to be urgent in opposition to the decrease finish of a bullish pennant sample. A breakout from right here may reset momentum and ship worth towards $0.038 within the close to time period. Analyst Broke Doomer notes that fundamentals are additionally stacking up—ETF filings, hypothesis round $SEA allocations, and the OpenSea tie-up have all saved Pudgy Penguins within the highlight. With a sub-$1.5B market cap, the token nonetheless seems sufficiently small for outsized strikes if momentum catches.
Group Sentiment Hits 95% as Merchants Keep Optimistic
Contemporary sentiment information from Cookie DAO reveals group help for PENGU climbing above 95%. Value even bounced again close to $0.0379 on the wave of optimism tied to SEC chatter round ETF requirements. Social metrics and powerful buying and selling exercise lining up collectively typically act as gas for short-term rallies, and this case isn’t any totally different. With sentiment excessive and construction nonetheless intact, merchants are discovering causes to remain bullish.
PENGU Technical Outlook: Key Assist at $0.030–$0.034
Analyst VegetaCrypto1 factors out that PENGU has front-run liquidity zones earlier than, rebounding shortly from dips. Proper now, $0.033–$0.034 is the important thing demand zone, with deeper help close to $0.030. So long as these ranges maintain, the bulls stay in management. A clear rebound right here may arrange one other take a look at of $0.038, and if that resistance breaks, momentum may carry a lot greater. For now, short-term volatility meets an even bigger bullish image, leaving PENGU as one of many extra intently watched tokens on the charts.
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