PENGU crypto jumps 50% – Traders, here’s the real support you should watch!

Key Points

1. PENGU crypto rallied 50% from its low of $0.0143 on July 7th, with Fibonacci extension levels marking $0.02 and $0.026 as key targets.

2. The 1-day chart showed strong bullish momentum, with a fair value gap left in late June that was expected to retest as a demand zone.

3. Capital inflows remained strong in July, with CMF readings consistently above +0.05 and MFI rising, indicating bullish demand.

4. Profit-taking activity increased, with spot taker CVD data showing selling pressure, suggesting a potential dip toward $0.0175.

5. Liquidation data indicated potential upward movement, with $0.0225-$0.023 as a key interest zone, while $0.018 served as a demand zone.