Will โPenguโ rise?
#PENGUToken ๐ Recent trends
โPENGU has experienced a strong rise in recent weeks, with increases of up to 300% driven by interest in NFTs, an event on Nasdaq, and rumors of a possible PENGU/NFT ETF.
โTechnically, the price has broken patterns like descending channel, bullish flag, and triangle, suggesting targets between $0.041 and $0.081.
โSome analysts even project more ambitious levels of $0.12โ0.15 or even $0.24 if PENGU manages to replicate the trajectory of PEPE Coin.
โ ๏ธ Risks and technical support
โIf it fails to maintain support between $0.028 and $0.035, it could drop towards levels between $0.025 and $0.020.
โSignificant token inflows to exchanges were recorded (โ 336 million), which could translate into selling pressure if holders attempt to liquidate positions.
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Provisional conclusion
โThere are technical and fundamental signals (ETF, institutional appearance, whale accumulation) that support a possible bullish move in the medium term.
โIf the support levels hold and the interest in NFTs remains strong, we could see rises towards $0.045โ0.08, with optimistic scenarios pointing to $0.12 or more.
โBut it is not without risks: any downward break below $0.028 could lead to a significant correction.
#PENGUUSDT #pengu #penguin #peng