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PENGU Breaks Out as Volume Soars — $0.052 in Sight?
The price of Pudgy Penguins (PENGU) has surged, breaking out of a descending triangle pattern and reaching $0.043. This significant price action comes with an astonishing 24-hour trading volume exceeding $1.38 billion.
An analyst’s chart analysis suggests that the momentum is likely to carry over to the next area of interest, which is reportedly at $0.052. The market has been witnessing a steady increase in volume, demonstrating growing investor interest and support for the asset.
As a result of this surge in volume, it appears that traders are aggressively positioning themselves ahead of further potential gains. This trend indicates an increased likelihood of reaching the projected target of $0.052.
Source: cryptopotato.com
