PENGU Tests Critical Resistance at $0.015 Amid Market Uncertainty

PENGU's price action has reached a decisive inflection point, hovering at $0.01463 with $0.015 emerging as a formidable resistance level. Market participants are divided between anticipating a breakout toward $0.023-$0.025 or a double-top reversal pattern that could trigger a retracement to $0.0075.

Trading volume tells a compelling story—$216.4 million in 24-hour activity reflects sustained interest despite the 6.95% daily dip. The coin's 0.26% weekly gain and $1.79 billion market cap suggest accumulation phase dynamics, where smart money positions for the next leg up.

Technical analysts highlight the $0.0124-$0.0127 support zone as critical infrastructure. A breach here WOULD invalidate bullish scenarios, while holding this level could fuel momentum for a 60-70% upside from current levels. The slowing velocity at resistance demands close monitoring—the next 48 hours may determine whether PENGU joins the meme coin rally or becomes a cautionary tale of failed breakouts.