Critical Levels in Focus: PENGU at 0.02450 Support
BINANCE:PENGUUSDT is currently trading near a significant support level at 0.02450 , which has historically acted as a key zone for price rebounds. This presents a potential buying opportunity for traders watching this level closely.
For those seeking confirmation, waiting for a break and retest of 0.02670 could provide stronger validation for an upward continuation. This would offer added security to the trade setup.
The stop-loss for this trade is placed at 0.02239 , as a price closure below this level would invalidate the bullish scenario and indicate potential downside movement.
The target is positioned at 0.03587 , the nearest strong resistance, providing an attractive risk-reward ratio for this trade idea.
👨🏻💻💭What’s your take on PENGU? Share your perspective in the comments below!
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PENGUUSDT.P trade ideas
PENGU/USDT: check 0.238 Fib for a BreakoutCurrently, PENGU/USDT is trading below the 0.236 Fib level, showing some struggle to hold above. However, I have spotted a bullish divergence on the RSI, telling us that potential reversal is building beneath the surface.
📊 Key Levels:
Current Zone: Below 0.236 Fib (0.028314), reflecting consolidation near lows.
Target: A move toward 1.618 Fib at 0.062063, which aligns with the resistance in the upper trend channel.
Intermediate Levels:
0.5 Fib at 0.034761 – a potential base for a stronger recovery.
1 Fib at 0.046972 – critical resistance before reaching the ultimate target.
💡 Game Plan:
The divergence on RSI suggests that sellers are losing strength, which might pave the way for a reversal. I expect a that PENGUIN will climb back, with key Fib levels acting as checkpoints. If the price confirms support above the 0.5 Fib, the push toward 1.618 becomes more realistic than ever.
Risk Note: If this divergence fails and bears keep the control of Penguin, the lowest low may be looked further. But for now as its not a 0, the setup shows us potential recovery.
Stay tuned, as the next few candles could give us better clarity! 📈
PENGU LONG Pudgy Penguins is launching a memecoin - $PENGU. The Pudgy Penguins community can only be so large with an NFT and the types of holders are limited to wealthy individuals because the NFTs are so expensive. CSECY:PENGU is a memecoin that allows everyone to participate in the Pudgy Penguins brand no matter the individual's economic status. We are targeting everyone who loves the penguin brand and meme as well as the CT audience who have been priced out of our NFTs.
PUDGY/USDT 1H: Bearish Slide Continues – Key Levels to Watch
Chart timeframe: 1H PUDGY/USDT analysis.
Current price: $0.02836.
Key levels:
Resistance: $0.035 (significant resistance).
Support: $0.028 (immediate), $0.026 (next support if breakdown occurs).
Price action:
Clear bearish trend with lower highs and lower lows.
Descending trendline at $0.032 needs to break for bullish reversal potential.
Volume profile: Suggests a distribution phase with sellers in control.
Trend outlook: Path of least resistance remains downward unless a higher low forms and trendline breaks.
Setup rating: 3/10 – not ideal for entries until reversal signals appear.
What’s your play – shorting the trend or waiting for a breakout? 📉✨
PENGU Last Chance!The two longs I presented are what I believe Pengus' last bullish scenarios.
If PA breaks through the Bullish equilibrium level, I will extend my long position past the hidden liquidity and find an entry to share there.
However, if the price should fail to reach that price I will look at the demand zone below (0.786 fib) for my next entry.
Obviously, I will take into consideration crypto market conditions but for the short term, I expect to see some upside.
Thanks
Pudgy Penguins Best Level to BUY/HOLD 300%+ gains🔸Hello guys, today let's review 2h price chart for PENGU . Currently locked inside trading range expecting more range bound price action before accumulation completes later and we get another strong bull run.
🔸Ongoing accumulation in progress indicates further gains later this month. currently trading near range highs so no trades recommended at the market price.
🔸Recommended strategy bulls: bullish structure accumulation in progress. Accumulate near 0.025, TP bulls is +300%+ gains, final exit at 10 cents. good luck traders!
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PENGUIN in Support?Price has reached a crucial moment as it touches the major support trendline (green) after an extended downtrend. The MA200 (blue line) touched price, and this intersection with major support could present an interesting turning point.
Watch closely for price action around this level. Potential bounce or breakdown will determine the next directional move. Always maintain proper risk management and wait for confirmation before taking positions.
#crypto #technicalanalysis #trading #PENGU
Whales wager $2.47M on PENGU: analysis
A strategic whale investment of $2.47M in Pudgy Penguins (PENGU) has sparked fresh interest in this meme token, driving its price up by 15.35% at press time to $0.04062.
Over eight days, the whale accumulated 79.9M tokens, achieving an unrealized profit of $835K.
Meanwhile, PENGU has shown remarkable strength, breaking through the critical $0.0385 resistance level and aiming for $0.0699 as its next target. The steady formation of higher lows highlights growing investor confidence.
However, a clean break above $0.042 remains essential for the rally to gather more momentum.
Additionally, rising trading volumes, which have nearly doubled in the past 48 hours, indicate increased activity, further supporting the potential for sustained growth.
PENGU’s Relative Strength Index (RSI) was 60 at press time, signaling strong upward momentum while leaving room for further growth before hitting the overbought threshold of 70.
Additionally, the MACD line, at 0.0026, was above the signal line at 0.0021, confirming a bullish trend. These indicators suggested that PENGU’s rally was gaining strength, though traders should watch for signs of exhaustion.
PENGU is showing promising signs of a breakout, driven by bullish momentum, growing open interest, and strategic investments.
If it sustains this trajectory and breaks key resistance levels, it could indeed lead the next meme token rally. For now, the market remains optimistic about its potential.
PENGU is a chosen one.PENGU energizes the Pudgy Penguins community by promoting teamwork, encouraging active involvement, and backing creative projects within the ecosystem. It enhances liquidity and streamlines transactions, ensuring the project remains competitive in the bustling blockchain arena.
Conclusion
The introduction of PENGU on Solana represents a pivotal moment for Pudgy Penguins, showcasing its dedication to expansion and innovation. This token acts as a connector between the project and its community, nurturing stronger connections and paving the way for a thriving ecosystem.
A second Cup and Handle on $PENGUCSECY:PENGU , the pudgy penguins coin has formed a second Cup and Handle. With merchandise being opened as Xmas gifts today and coins being claimed, cashed in and stacked Pudgy Penguins community has been activated is growing exponentially! This coin can pop up BONK or WIF style in no time flat. Climb aboard for the ride!
PENGU/USDT Chart Analysis #PENGU /USDT Technical Analysis
#PENGU is currently trading at $0.035365, showing a bullish setup after breaking out of a descending triangle. The price is expected to retrace toward the $0.028392 zone, offering an ideal long entry opportunity.
Key Levels:
Entry Zone: $0.028392 (Fibonacci 0.618 retracement).
🎯 (T1): $0.044073.
🏹 (T2): $0.054105.