2026-01-07 04:22:55

Recently, PENGU's price movement has shown several interesting signals. At the support level of 0.0086, the price has formed a double bottom pattern, accompanied by increased trading volume. From a technical perspective, this combination often generates significant momentum upon breakout.

The key question now is: can it effectively break through this consolidation zone? Once the volume aligns properly, the target above is 0.014. This price level represents the next major resistance.

For those already in the market, this breakout serves as a point of observation; for those still on the sidelines, now is the time to consider entering. A surge in trading volume often precedes a pattern breakout—more and more participants are focusing on this price area, and market consensus is forming.

Of course, no technical pattern is 100% certain, so it is recommended to operate in accordance with your own risk tolerance.

PENGU0,12%

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GasFeeCryer

· 01-09 21:00

I've seen double bottom patterns too many times, but the key still depends on whether the trading volume can keep up; otherwise, it's just a fake signal. Wait, can 0.014 really hold up? Feels uncertain. I just want to know if this wave can break out; if not, it will continue to oscillate. Gambler's mentality is a big taboo; you need to calculate the stop-loss first. Damn, it's the same kind of signal again, just like last time... I believe in a volume explosion, but don't tell me it's market consensus; retail investors are always the last to act. Feels like every time it's the entry point; should I operate in the opposite direction?

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CantAffordPancake

· 01-09 10:16

Is breaking the double bottom below 0.014 the key? Right now, the trading volume still feels a bit fake. I just want to ask if PENGU can keep up with the market this time, or if it will do the opposite. It's another prelude to a surge in trading volume. Last time I heard that, I got trapped. The 0.0086 support feels like if it breaks, it will be very awkward. It looks quite promising, but I still think it's better to wait a bit longer, no rush in the next one or two days. All technical indicators are deceptive; it all depends on what the whales are thinking. Brothers, what do you think? Is this position a real bottom or just a trap? Be honest. PENGU has repeatedly tested this level many times; why should we believe in a double bottom this time?

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RetailTherapist

· 01-08 23:33

I've always thought that claiming a double bottom breakout is overly confident; in reality, at critical moments, it's probably just a false breakout. Just now, I saw in the group that they started hyping PENGU again. To be honest, I'm a bit worried about this momentum. Whether we can reach the 0.014 level is still uncertain; anyway, I'm used to being trapped. Now, it's just waiting for volume confirmation. Breakouts without volume are just playing dirty.

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SatoshiSherpa

· 01-07 04:50

The double bottom pattern is back again, let's wait and see. It needs volume to be meaningful. --- I've been watching the 0.014 resistance level for a while, just worried it might be a false breakout again. --- A surge in trading volume is the real signal; it's still early. --- Brothers on the scene, don't get too excited. There are many failed breakouts too. --- If this wave can really break through, I should have entered earlier. It feels a bit late now. --- The double bottom does look promising, but watch out for it getting crushed down. --- Wait until the trading volume increases further before making a move. It's not solid enough yet.

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ChainComedian

· 01-07 04:42

Can the double bottom hold this wave? It still feels like the trading volume is lacking. --- I remember the 0.014 level didn't break last time. Can it hold this time? --- It's always the prelude to a surge in trading volume, every day is just a prelude haha. --- Entering the market at the right rhythm, sounds easy, but it hurts just the same when you lose. --- It looks like it's moving, but when it actually starts, it stalls again. PENGU is just like that. --- The support level held, but how far this rebound can go is really hard to say. --- Let's wait until the trading volume really explodes before making any moves. It's still too sluggish now. --- I've heard many times about double bottom breakouts, but they all turn out to be false breakouts. I'll just observe for now.

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MergeConflict

· 01-07 04:41

Whether the double bottom breaks or not is the key, feeling a bit frustrated. If it breaks 0.014, I’ll believe it; if not, I’ll keep watching the show. Trading volume is so deceptive, always claiming that consensus has formed to trap people. I've been watching this PENGU coin for a long time, but I just don't dare to make a move. Wait until the trading volume truly explodes, now it's too risky to enter.

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PumpAnalyst

· 01-07 04:36

Everyone, double bottoms do have some significance, but don't be fooled by the manipulators. The 0.014 level is definitely a trap. I don't think the recent volume increase is convincing. Be careful of the pump-and-dump rhythm. Honestly, the technicals look good, but I'm worried that no one will buy in during a breakout, which could turn into a trap to pump the price. My advice is to observe mainly, don't rush to buy. Wait for a confirmed breakout before acting. Double bottom formation sounds quite professional, but in reality, manipulators love this trick. Everyone, keep your eyes open. Before volume explodes, you need to look at the fundamentals. Relying solely on candlestick patterns is too risky. If the support at 0.0086 breaks, you need to exit quickly. Don't be greedy for that small profit. I've seen this pattern too many times; sometimes it's just a false breakout. Risk management must be solid. In my opinion, it's better to wait for a confirmed breakdown before following. Better to earn less than get trapped.

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QuietlyStaking

· 01-07 04:23

If a double bottom really breaks, I'll take a serious look. But I've seen this kind of signal many times, and in the end, whether it crashes or not... 0.014 is a bit far away.

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