Penguin puts scenes on 25 % of the gatherings after the technical collapse star-news.press/wp

Main meals

PenGU increased by 13 %, breaking the main resistance, and the bullish momentum appears with strong flows, high long situations, and technical indicators that indicate a possible rally to $ 0.0464.

Despite the uncertainty in the market, PUDGY PENGUINS (PENGU) is of interest to its strong and impressive performance.

At the time of the press, Memecoin increased by 13 %, causing the encryption market and paving the way for a possible huge prices.

Not only that, Memecoin also exceeded the main assets like Bitcoin (BTC) and ETHEREUM (ETH) and others.

At the time of writing this report, Pengu price was 0.0372 dollars, after 13 % has risen over the past 24 hours.

Due to its impressive high prices, the investor’s participation increased as well. CoinmarketCap data revealed that the memecoin trading volume during the same period jumped by 60 % compared to the previous day.

Looking at the current market feelings, prominent Encryption expert Make a post on X (previously Twitter) with a bold prediction. The expert stated that Pengu targets $ 0.041, as she succeeded in breaking the descending channel pattern.

The scales on the series support the upscale issue

In addition to this bold prediction, investors and merchants accumulated and betting on the upper side, as revealed by the Analysis Company on the series Coinglass.

Data from immediate flows and external flows show that over the past 24 hours, nearly $ 2.10 million of penguins have come out of exchanges, at the time of the press.

This external flow is usually associated with investors who pull the distinctive symbols from the stock exchanges, creating the purchase of pressure and upward momentum.

Source: Coinglass

It seems that investors and merchants are compatible with the upcoming emotions, as long stakes have risen.

However, the main liquidation levels at $ 0.03465 and 0.0379 dollars indicate excessive excess.

Source: Coinglass

At these levels, traders built long jobs worth $ 7.67 million and $ 3.18 million in short positions.

These scales show that the bulls dominate, and there are no main levels that can be an obstacle to the penguin because they continue their upward momentum.

Penguin and technical analysis movement

Ambcrypto’s technical analysis reveals that Pengu looks upward and prepares for an upward crowd.

On the daily chart, the mimwin appears to have separated from the sporadic sporadic style, after a period of narrow monotheism within the style.

This penetration has now opened the path for a large price.

Source: TradingView

Based on the latest price procedures, if Memecoin keeps this penetration and is maintained above the level of $ 0.0365, there is a strong possibility that can rise by 25 % and reach a level of $ 0.0464.

This bullish momentum is more supported by the “SuperRend” index, which is green and is placed under the price of Memecoin.

This indicates that the penguin is in a bullish direction and that the bulls control.