A short liquidation at $0.00618 suggests bears were forced to cover as price pushed higher, reinforcing the strength of the current move. This type of liquidation often signals increasing bullish momentum and can fuel continuation if buyers maintain control. Price is now attempting to establish support above the breakout area, making the next resistance zone the key level to watch.
Support: $0.00600–0.00610
Resistance: $0.00640–0.00655
Next Targets: $0.00680 → $0.00710 → $0.00750
As long as $PENGU$ holds above support, the technical structure remains constructive. A decisive breakout above resistance with strong volume could trigger the next expansion phase and attract additional momentum buyers.
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