$PENGU
/USDT is currently trading around $0.00785 after a sharp bounce from the recent low near $0.0060. On the daily timeframe, price printed a strong bullish candle with noticeable momentum, suggesting aggressive dip buying after an extended downtrend. Despite this rebound, PENGU is still trading below MA(25) and MA(99), which means the broader structure has not fully transitioned into a bullish trend yet.
The $0.0072–$0.0074 zone now acts as short-term support. On the upside, $0.0085–$0.0090 represents the first key resistance area aligned with prior breakdown levels and moving average pressure. A sustained move above $0.0090 could improve short-term structure and potentially open room toward the $0.010–$0.011 region. However, if momentum fades, consolidation or another retest of the $0.0065–$0.0070 zone remains technically possible. Watching volume continuation and higher-low formation will be important for confirmation.
Not Financial Advice
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