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Penguant siap menyalurkan $0.09 dalam keadaan retest tarik balik yang menyebabkan rantai ber saddle up baru

Pudgy Penguins' price increases to $0.09 following a bullish surge, with the cryptocurrency holding a crucial support level and aiming for a breakout. Discover more insights about PENGU in our recent analysis.

Pengu Anticipates a $0.09 Increase, Following Bullish Re-examination Indicating a New Uptrend
Pengu Anticipates a $0.09 Increase, Following Bullish Re-examination Indicating a New Uptrend

Penguant siap menyalurkan $0.09 dalam keadaan retest tarik balik yang menyebabkan rantai ber saddle up baru

In the realm of Non-Fungible Tokens (NFTs), Pudgy Penguins (PENGU) stands out amidst a broader market showing signs of weakness. Despite the overall NFT market sluggishness, PENGU has managed to gain a 281% rise over the past 90 days.

Analysts are keeping a keen eye on PENGU, with several suggesting a potential breakout could be on the horizon. Andreas Tobing, one such analyst, predicts a path toward $0.10 for PENGU, provided the momentum remains steady.

The weekly charts reveal a pattern of expansion and calm, with recent retracements remaining shallow. This stability, coupled with the strong support near $0.030 to $0.032 and $0.033 to $0.035, is acting as a strong foundation for PENGU.

Each surge in PENGU has followed a measured pullback, forming a repeating cycle. If PENGU climbs above the neckline with convincing volume, it could test $0.060. Analyst Ali Martinez suggests that if the breakout above the neckline is confirmed with convincing volume, PENGU could achieve a breakout above $0.060 in the coming weeks, projecting a potential rally up to $0.09 following a bullish retest of the upper resistance line now acting as support.

The current range matches previous accumulation zones where PENGU buyers gathered strength. Volume spikes could transform quiet consolidation into a storm of upward movement. If the breakout is confirmed, analysts project the price could stretch toward $0.080 in the coming weeks.

MacnBTC, another analyst, notes that coiling action often leads to decisive rallies. As long as buyers defend the $0.033 to $0.035 range, the setup favours continuation for PENGU. Losing the $0.033 to $0.035 zone could trigger a deeper retrace for PENGU.

Kokino, another analyst, sees this divergence as a sign of focused investor interest. Capital flows into PENGU while other NFT-linked assets fade. A strong break could shift targets quickly toward $0.060 and beyond.

In conclusion, while the broader NFT market may weigh on sentiment and slow progress for PENGU, the coin's resilience and promising technical indicators suggest it could be poised for a potential swift run toward $0.09. However, as with any investment, it's essential to conduct thorough research and consider personal risk tolerance before making decisions.

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