news 
PENGU rallies 68% in a week! – Mapping its road to $0.018 and beyond
The past seven days have been nothing short of remarkable for Pudgy Penguins [PENGU], as the cryptocurrency has rallied an astonishing 68% in just one week. As we dive deeper into this surge, it becomes clear that the asset is poised for further growth, potentially breaking above a crucial resistance level at $0.018.
The rally’s spark can be traced back to an accumulation phase, followed by a spot volume spike and the activation of a SuperTrend buy signal. These factors have combined to create a perfect storm of bullish momentum, with traders and investors alike scrambling to get in on the action.
It’s no secret that PENGU has been trading near this critical resistance level, $0.018, which could mark the beginning of an even more aggressive leg up for the cryptocurrency. The sentiment is firmly in favor of bulls at the moment, and as such, the odds are tilting towards a breakout above this level.
However, it’s essential to note that another rejection at $0.018 could lead to a stall or potentially even a decline. Therefore, sustained buying pressure will be crucial for PENGU to successfully breach this barrier.
As things stand now, traders should expect high volatility as the asset approaches this crucial level. Any push above $0.018 has the potential to trigger a cascade of short liquidations, further fueling the uptrend and potentially propelling it towards $0.028.
Ultimately, while it remains unclear what will happen next, one thing is for certain: PENGU’s extraordinary 68% week-over-week gain marks an unprecedented turn of events in the cryptocurrency’s history.
Source: ambcrypto.com
