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PENGU Could Rally 38% if Key Resistance Breaks Amid Altcoin Cooldown
PENGU Could Rally 38% if Key Resistance Breaks Amid Altcoin Cooldown
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BTCCSquare news:
PENGU price shows signs of a potential breakout despite broader altcoin market weakness. The token's Bull-Bear Power index remains positive at 0.0148, signaling sustained bullish control since late June. A decisive MOVE above current resistance could confirm upward momentum.
Liquidation data reveals a slight short bias, with $10.46 million in short positions versus $10.18 million in longs. The token currently trades around $0.036, with technical indicators suggesting room for a 38% rally if critical levels are breached. Market participants await confirmation of either continued strength or a deeper pullback.
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