The price of the cryptocurrency PENGU, associated with the Pudgy Penguins meme, has shown impressive growth, but analysts suggest it may not end there.
PENGU Market: Current Situation Analysis
PENGU has increased by over 400% in recent months. This dramatic rise raises expectations for a correction, but recent charts from analyst Ali suggest the trend may continue.
Technical Signals Confirm Optimism
The analysis also indicates that PENGU is trading at the lower boundary of a descending channel, where historical reversals have occurred. The TD Sequential indicator has flashed a new buy signal, which could indicate potential trend changes.
Future Forecast: What to Expect from PENGU?
According to the analyst, all indicators point to a possible upward breakout. If PENGU can overcome the resistance level at 0.040, it could lead to movements toward 0.045.
Traders are focusing on the next price levels for PENGU and the possibility of renewed growth. The analytical signals support optimism about the cryptocurrency's continued rise.
