PENGU is already showing the kind of strength that gets my attention.
The displayed price is around 0.008689 with a 24 hour gain of approximately 4.65 percent. That puts PENGU among the stronger movers visible on the board.
When volume starts rising and capital rotates toward higher beta assets, momentum can accelerate quickly. Whale activity becomes especially important here because large liquidity movements can change the structure in a very short period.
I am watching 0.00845 to 0.00865 as the first support zone. If the market gives a deeper retracement, 0.00805 to 0.00830 becomes an important area to watch.
EP: 0.00860 to 0.00880
TP1: 0.00930
TP2: 0.01000
TP3: 0.01100
SL: 0.00815
The setup becomes stronger if PENGU breaks higher, returns to the breakout region and successfully turns resistance into support.
That is the kind of price action I want to see before expecting another expansion.
The market is heating up, and PENGU is already making noise.
I am ready for the move —
#Coinflip faces regulatory action
#Fed rate hike fears resurface
#Ethena Buys Back Seed ENA and Ends Future VC Unlocks in Four Ecosystem Overhauls
