- PENGU finds strong support at $0.0315 with high volume
- TD Sequential indicator flashes a buy signal
- Break above $0.036 could target $0.044 next
PENGU is catching the attention of traders as it stabilizes at a key support level of $0.0315. This zone isn’t just another number—it aligns with a heavy volume profile, suggesting strong investor interest and accumulation. When prices rest at such demand-heavy levels, it often marks the start of a potential rebound.
As of now, the $0.0315 zone has proven resilient, with buyers stepping in to absorb selling pressure. Volume analysis indicates that this area has been a battleground for bulls and bears, but the bulls may be gaining the upper hand.
TD Sequential Flashes a Bullish Signal
Adding further weight to the bullish case is the TD Sequential indicator. Known for signaling market reversals, the tool is now flashing a buy signal on PENGU’s chart. This suggests that the recent downtrend could be nearing exhaustion, opening the door for a potential upside move.
If the price sustains a move above $0.036, it could be the catalyst for a fresh rally. This resistance zone serves as the next hurdle for bulls, and breaking it would confirm the shift in momentum.
Eyes on $0.044 as the Next Target
Should the breakout materialize, the next logical target sits near $0.044. This level aligns with previous resistance and represents a healthy upside from current levels. While short-term volatility can’t be ruled out, the current technical setup offers a bullish bias for PENGU.
For traders watching the memecoin space, PENGU’s current formation is one to watch closely. The support at $0.0315, combined with a technical buy signal and increasing volume, makes this an attractive setup for a potential breakout.
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