Assessing how PENGU’s breakout could push prices to $0.046
Main Idea
PENGU, a memecoin, has surged 13% and broken key resistance, showing bullish momentum with potential to rally to $0.0464, supported by on-chain metrics and technical indicators.
Key Points
1. PENGU's price surged 13% in 24 hours, reaching $0.0372, and its trading volume increased by 60%.
2. The memecoin has broken out of a descending channel, with experts predicting a target of $0.041.
3. On-chain data shows $2.10 million worth of PENGU tokens flowed out of exchanges, indicating potential buying pressure.
4. Key liquidation levels at $0.03465 and $0.0379 could pose hurdles, with $7.67 million in long positions and $3.18 million in short positions.
5. Technical analysis suggests PENGU is in an uptrend, with the 'Supertrend' indicator supporting a potential 25% rally to $0.0464.
Description
PENGU breaches bullish pattern and now eyeing a 25% rally.
Latest News
- Kaspa Experience: First Kaspa Community Conference2025-08-08 08:21:02
- Toshi crypto can rally to $0.007 IF bulls overcome demand slump – Details2025-08-08 08:01:59
- Tokenized stocks surge by 220% – How will Ethereum, Solana benefit?2025-08-08 07:26:46
- Spiko and Concordium Partner to Eliminate Escrow and Transform $300B Trade Finance Market2025-08-08 06:57:31
- Bitcoin reclaims $115K – Mapping BTC’s road to $118K and beyond2025-08-08 06:43:32