Overview

• Price is compressing into an ascending triangle beneath $0.026 while repeatedly closing above the $0.023–$0.024 support band tied to the 200-day moving average.
• More than 1 billion PENGU, roughly 1% of supply, left exchanges over three days, signaling reduced near-term sell pressure.
• Derivatives open interest has begun to rebuild after the recent liquidation flush, indicating traders are re-entering exposure.
• A sustained daily close above about $0.025–$0.026 would likely validate a move toward resistance near $0.032 and potentially $0.043.
• A decisive drop below $0.023 would weaken the accumulation case; the token recently traded near $0.0246 with modest daily gains.