PENGUUSDT Daily Chart Analysis | Powerful Uptrend in Play
🔍 Let’s dissect the current PENGU/USDT daily chart, highlighting the unmistakable bullish structure and mapping potential targets as this trend matures.
⏳ Daily Overview
PENGUUSDT is riding a strong upward trend, with all three daily SMAs (7, 25, and 99) lined up in bullish sequence—clear confirmation of momentum. Recent rallies are also supported by textbook volume behavior: volume consistently surges during price climbs and tapers off during minor corrections, reflecting the classic signature of a robust uptrend.
🔺 Bullish Setup and Price Targets:
The next major upside target sits at $0.0910, almost 85% above the current level. For bulls, a daily candle closing above $0.043305 with convincing volume should act as a confirmation for fresh highs—though, as it’s Saturday, even moderate volume could suffice for a valid breakout.
📊 Key Highlights:
- All SMAs (7, 25, 99) confirming the uptrend on daily timeframe.
- Volume spikes on upward moves, fades on corrections—classic bullish confirmation.
- Historical trend velocity: Each time a new high (HH) is set, it’s preceded by around 5 days of advance; first leg was +83%, second +124%, the next (projected) is +160%, aligning with the $0.0910 target.
- Corrections: After each rally, pullbacks have measured about 15% and 20%. Should the first target be reached, expect a correction up to 25%—a healthy reset for further continuation.
🚨 Conclusion:
With all signals aligned—moving averages, volume dynamics, and historic price structure—the path remains bullish. A decisive close above $0.043305, especially with solid volume, could be the catalyst for the next major leg higher. As always, monitor for typical correction ranges post-breakout in line with the prior trend.
🔍 Let’s dissect the current PENGU/USDT daily chart, highlighting the unmistakable bullish structure and mapping potential targets as this trend matures.
⏳ Daily Overview
PENGUUSDT is riding a strong upward trend, with all three daily SMAs (7, 25, and 99) lined up in bullish sequence—clear confirmation of momentum. Recent rallies are also supported by textbook volume behavior: volume consistently surges during price climbs and tapers off during minor corrections, reflecting the classic signature of a robust uptrend.
🔺 Bullish Setup and Price Targets:
The next major upside target sits at $0.0910, almost 85% above the current level. For bulls, a daily candle closing above $0.043305 with convincing volume should act as a confirmation for fresh highs—though, as it’s Saturday, even moderate volume could suffice for a valid breakout.
📊 Key Highlights:
- All SMAs (7, 25, 99) confirming the uptrend on daily timeframe.
- Volume spikes on upward moves, fades on corrections—classic bullish confirmation.
- Historical trend velocity: Each time a new high (HH) is set, it’s preceded by around 5 days of advance; first leg was +83%, second +124%, the next (projected) is +160%, aligning with the $0.0910 target.
- Corrections: After each rally, pullbacks have measured about 15% and 20%. Should the first target be reached, expect a correction up to 25%—a healthy reset for further continuation.
🚨 Conclusion:
With all signals aligned—moving averages, volume dynamics, and historic price structure—the path remains bullish. A decisive close above $0.043305, especially with solid volume, could be the catalyst for the next major leg higher. As always, monitor for typical correction ranges post-breakout in line with the prior trend.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.