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Pudgy Penguins (PENGU) Tests Key Support at $0.0280 Amid Potential Breakout Signals
Pudgy Penguins (PENGU) Tests Key Support at $0.0280 Amid Potential Breakout Signals
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BTCCSquare news:
Pudgy Penguins (PENGU) is consolidating NEAR a critical support zone between $0.028 and $0.030, a level market participants are watching closely for signs of either a rebound or further downside. The token's current price of $0.02920 reflects a 4.30% decline over the past 24 hours, but liquidity concentrations suggest this area could serve as a springboard for upward momentum.
Nearly $350,000 in short liquidations loom just above at $0.0310, creating potential fuel for a sharp rally if buyers regain control. Technical analysis indicates that holding this support preserves the bullish structure, with a breakout above $0.035 potentially opening a path toward $0.043. Conversely, failure to maintain $0.028 may trigger a slide toward $0.025.
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