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PENGU Holds Critical $0.036 Support as Traders Eye Breakout

A break above $0.0384 would validate bullish reversal indicators with fresh upside targets within reach.

Overview

  • PENGU is trading around $0.037–$0.038 while defending its critical $0.036 support level.
  • Analysts point to a TD Sequential “9” buy signal and a bullish RSI divergence as indicators of a potential trend reversal.
  • Bearish RSI divergence at recent highs and the absence of higher lows raise the risk of a deeper pullback if key supports break.
  • Holder count has climbed to 563,000 with daily active addresses nearing 20,000 and 24-hour trading volume topping $817 million, reflecting strong community engagement.
  • Traders are watching for a sustained move above $0.0384 to confirm a rebound toward targets at $0.040, $0.042 and $0.045.