- PENGU jumps above triangle resistance at $0.033 with strong volume support.
- 20/50 EMA crossover confirms bullish momentum; next resistance at $0.038–$0.040.
- TD Sequential flashes buy on a 3-day chart, signaling a trend reversal may be underway.
PENGU soared after bouncing off $0.029 support, smashing through $0.033 resistance with huge volume. Trading exploded past $858 million as the price surged 6.28% in 24 hours—could this be the start of a big rally?
PENGU Breaks Out — Volume Confirms the Move
PENGU just broke out of a weeks-long triangle pattern. The key breakout happened at $0.033, right above the descending trendline that had capped price since late July.
The move was clean. A strong bullish candle closed above resistance. Volume spiked hard during the breakout, showing real buyer interest—not just a fakeout.
Before the breakout, PENGU respected the $0.029 support zone, forming a base. That level held, and the price moved up quickly. Early entries at $0.029 paid off. The $0.033 breakout was the second chance.
Bullish Indicators Stack Up
The 20-day EMA just moved above the 50-day EMA This often signals momentum is building fast. Traders use this as a sign of trend shift.Momentum is clearly shifting. PENGU is now up over 18% in 7 days.It’s trading around $0.035 with a daily volume of over $861 million, according to CoinGecko.
TD Sequential “9” is signalling a buy signal This signal often shows up at the end of a downtrend, hinting a reversal is in play.Future data confirms this sentiment. Open interest is rising, now over $397 million. Binance’s long/short ratio is at 1.64, favoring the bulls. Shorts are getting squeezed, which adds more fuel to the pump.
Next Levels: $0.038–$0.040 Then $0.055
With resistance cleared at $0.033, the next zone to watch is between $0.038 and $0.040. If that breaks, the technical target from the triangle setup points to $0.055.
Candle structure shows small bodies and long lower wicks, signaling dip buying. Selling pressure looks weaker now. Bulls seem in control.
If volume stays strong and sentiment holds, PENGU could keep climbing. Patience will be key. Choppy pullbacks may come—but the trend looks up.
