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PENGU Surges 50% Following Breakout from Descending Channel
PENGU Surges 50% Following Breakout from Descending Channel
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BTCCSquare news:
PENGU, a meme coin, has rallied 50% after breaking out of a descending parallel channel on June 27. The altcoin's price now stands at $0.015, marking one of the most robust recoveries in the meme coin sector over the past month.
Technical indicators suggest further upside potential. The Aroon Up Line has hit 100%, signaling strong bullish momentum backed by genuine demand rather than speculative trading. The breakout follows a prolonged downtrend characterized by lower highs and lower lows between May 14 and June 26.
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