- Pengu price breaks $0.03000 resistance, with $0.03800 as the next target as bullish momentum increases.
- There is strong support at $0.027000 which has maintained the trend of the price of Pengu as bullish.
- The next key resistance is $0.038000 where Pengu price has placed its price, $0.03300 is an important level.
Pengu price has attracted the attention of traders due to its remarkable upward trend indicating a powerful bullish trend. The price has found its way through the key resistance areas, and it seems that the next major target is $0.03800. With the strength of the bullish momentum, traders are keen to find out whether this target will be achieved or even exceeded.
PENGU Price Breakout and Key Price Levels
Pengu price was earlier on in the year within a price range of $0.02000 to $0.02300. The price then broke out and has risen above $0.03000 and has become a major support level. A possible pullback to this point can offer a trade opportunity to traders planning to ride the bullish trend up.
Analyst Ali Chart has stated that the Pengu price is currently hitting a critical zone of resistance at $0.03800. Should the price overcome this mark, the next target might be $0.04700. Nonetheless, the $0.03300 level is significant to observe, since it might serve as a resistance point before the trend progresses.
Source: Ali Chart/X
The bullish trend should continue as long as the Pengu price does not fall below the support levels of $0.02700 and $0.03800. Traders should observe key support and resistance levels to understand the price action and determine whether the uptrend will persist.
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