PENGUUSDT price has surged 27% in the past week, currently trading at $0.038. The meme coin is inching closer to its all-time high of $0.046. Strong bullish sentiment and market participation are fueling this rally, signaling that PENGU could soon retest resistance levels if momentum remains intact.The meme coin is now just 22% away from hitting its record high. A Golden Cross pattern formed last week adds to the bullish outlook. If
PENGUUSDT successfully flips $0.040 into a stable support level, the rally could continue, pushing the altcoin higher toward reclaiming its historical peak.However, downside risks remain. If investors begin booking profits, selling pressure could drag
PENGUUSDT lower. The critical support level of $0.029 will come into play. Losing this support could halt the upward trend and invalidate the optimistic price projection in the near term.
Aaryamann Shrivastava | On-Chain Analyst
BeInCrypto - beincrypto.com/author/aaryamann-shrivastava/
BeInCrypto - beincrypto.com/author/aaryamann-shrivastava/
Related publications
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.
Aaryamann Shrivastava | On-Chain Analyst
BeInCrypto - beincrypto.com/author/aaryamann-shrivastava/
BeInCrypto - beincrypto.com/author/aaryamann-shrivastava/
Related publications
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.