Pudgy Penguins (PENGU) Price Prediction for July 27
Pudgy Penguins (PENGU) is trading near $0.04280 in today’s session after rebounding from a critical mid-range demand zone. While recent netflows suggest cautious sentiment, price structure and momentum indicators point to the potential for a short-term continuation if $0.04350 is cleared convincingly.
What’s Happening With Pudgy Penguins Price?
PENGU price remains well inside an ascending parallel channel on the 1-hour chart. Recent lows were defended near $0.03720, just above the lower channel boundary. The recovery was initiated after a failed breakdown from a descending wedge. Bulls swiftly absorbed supply near $0.038, and the ongoing push is now testing mid-channel resistance around $0.04350.
On higher timeframes, the daily chart confirms that Pudgy Penguins price action has broken free from its long-term accumulation box between $0.006 and $0.021. The breakout was supported by volume and Smart Money BOS markers. PENGU price is now forming higher highs and higher lows, showing a textbook uptrend structure with bullish continuation potential.
The directional movemen…
The post Pudgy Penguins (PENGU) Price Prediction for July 27 appeared first on Coin Edition.
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Pudgy Penguins (PENGU) Price Prediction for July 27
Pudgy Penguins (PENGU) is trading near $0.04280 in today’s session after rebounding from a critical mid-range demand zone. While recent netflows suggest cautious sentiment, price structure and momentum indicators point to the potential for a short-term continuation if $0.04350 is cleared convincingly.
What’s Happening With Pudgy Penguins Price?
PENGU price remains well inside an ascending parallel channel on the 1-hour chart. Recent lows were defended near $0.03720, just above the lower channel boundary. The recovery was initiated after a failed breakdown from a descending wedge. Bulls swiftly absorbed supply near $0.038, and the ongoing push is now testing mid-channel resistance around $0.04350.
On higher timeframes, the daily chart confirms that Pudgy Penguins price action has broken free from its long-term accumulation box between $0.006 and $0.021. The breakout was supported by volume and Smart Money BOS markers. PENGU price is now forming higher highs and higher lows, showing a textbook uptrend structure with bullish continuation potential.
The directional movemen…
The post Pudgy Penguins (PENGU) Price Prediction for July 27 appeared first on Coin Edition.
Читать больше
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