🟢 $PENGU SHORTS ARE UNDER PRESSURE 🚀

A $2.9132K short liquidation at $0.00995 shows leveraged sellers are being forced out as PENGU pushes into a critical zone. This can create additional buying pressure if spot demand continues to build.

📍 Support: $0.00980–$0.00995

🧱 Resistance: $0.01020–$0.01050

🎯 Next Target: $0.01050, followed by $0.01100 if buyers secure a clean breakout.

The key level is $0.01000. Holding above it would strengthen the bullish structure, while a decisive move through resistance could trigger another wave of short liquidations.

💡 Pro Tip: Don’t chase the spike. Watch volume and the retest after breakout. If $0.01000 flips into solid support, momentum could remain favorable; losing $0.00980 would weaken the setup.

$PENGU #Treasury doubles long-end buyback capacity #Institutional lending on XRP Ledger #Crypto longs face massive liquidations #Sandbox halts bridging after exploit #Sandbox halts bridging after exploit