PENGU rallies 68% in a week! – Mapping its road to $0.018 and beyond
2025-07-05 04:21:49
Main Idea
PENGU token has surged 68% in a week, with strong momentum and trader interest pushing it toward a critical resistance level of $0.018, potentially leading to further gains if the breakout occurs.
Key Points
1. PENGU rallied 68% in the past seven days, trading around $0.0162 and approaching a key resistance at $0.018.
2. Spot volume surged, indicating strong buyer interest, which could help PENGU break past the $0.018 resistance.
3. Funding rates are mixed, with Binance’s Aggregated Rate slightly positive but the OI-Weighted Rate remaining negative.
4. Technical indicators like MACD and Parabolic SAR confirm a bullish trend, with key support levels at $0.0151 and $0.0114.
5. A breakout above $0.018 could trigger cascading liquidations, accelerating the uptrend toward $0.028.
Description
PENGU eyes a breakout past $0.018 as momentum and trader interest continue rising.
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