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#PENGU /USDT Technical Analysis
Current Price: $0.012888 (+24.28%)
24h High: $0.014190
24h Low: $0.009724
Volume (24h): 9.39B PENGU / 113.79M USDT
Market Overview: PENGU has shown a strong reversal from the recent bottom at $0.003702. After weeks of downtrend, the price has surged with massive volume, breaking key resistance levels around $0.006 and $0.009 without significant retracement.
Key Levels:
Support Zones: $0.0097 - $0.0110
Resistance Zones: $0.0142, followed by $0.0171
Trend: Strong bullish momentum
Trade Plan:
Long on Pullback: Ideal entry around $0.0110 - $0.0120.
Targets: First target at $0.0140, second target at $0.0170.
Stop Loss: Below $0.0095 (recent breakout zone).
Notes:
Watch for potential consolidation after such a sharp move.
High volume confirms strength, but also expect volatility.
Bias: Bullish, but cautious near resistance levels.