PENGUUSD trade ideas
Updated PENGU Technical Breakdown – Fibonacci FormatUsing the new impulse base of $0.0079 and the confirmed 4.65× multiplier, the recalculated high is:
- $0.0079 × 4.65 = $0.036735
All technical zones are now recalibrated off this updated anchor structure.
PENGU Technical Breakdown – 4.65x Anchor at $0.0079
🔹 Price Anchors
• Impulse Base (Confirmed): $0.0079
• Target High (Multiplier 4.65x): $0.036735
• Current Price: Refer to real-time chart
• Last Known Local Low: $0.0079 (confirmed base)
📐 Fibonacci Retracement ($0.036735 → $0.0079)
• 0.236: $0.030218
• 0.382: $0.026242
• 0.500: $0.022318
• 0.618: $0.018394
• 0.786: $0.013693
• 1.000: $0.0079
🎯 Fibonacci Extensions (if $0.036735 is reclaimed and exceeded)
• 1.618: $0.060973
• 2.618: $0.096211
• 3.618: $0.131449
📊 Indicators (1D)
• RSI: Monitor reclaim of 50–55 zone for upside unlock
• MACD: Bullish confirmation pending crossover and histogram slope
• Volume: Accumulation baseline rising; breakout requires >20-day average spike
🔑 Critical Price Zones
• Hard Support: $0.0079 (macro base)
• Reversal Trigger: $0.013693 (0.786 reclaim)
• Initial Momentum Zone: $0.018394 (0.618 zone)
• Full Breakout Confirmation: $0.022318 (0.5 reclaim with volume)
⏱ Time Projections (Post-Zone Breach)
• $0.018394 Zone: 6–9 days post $0.0136 reclaim
• $0.022318 Flip: 2–3 weeks under strength
• $0.036735 Retest: 5–6 weeks
• $0.060973 Extension: 7–9 weeks
❌ Invalidation Criteria
• Daily close < $0.0079 invalidates upside structure
• Momentum structure broken below this base
✅ Execution Model – Fibonacci Format
1. Entry Zone: Daily close > $0.013693 with volume acceleration
2. Stop Level: $0.0077 (beneath impulse floor)
3. TP Levels:
• TP1: $0.018394
• TP2: $0.022318
• TP3: $0.036735
• TP4: $0.060973
Recalibrated using $0.0079 impulse anchor and 4.65 multiplier. All Fibonacci zones structurally aligned.
Can Penguins Fly?Pudgy Penguins #Pengu is up nicely already 3.6X from it's april low.
And is sitting nicely outside the top 100 CMC list and is the 8th biggest Memecoin by marketcap.
It appears it is on the cusp of a cup and handle breakout and projects to a very high flying 5 cent log projection.
(#Crypto's are highly speculative and can go down -99%)
Long PENGUKraken listing upcoming as well as Abstract main net launching in a few days this thing is setup to pop. .0347 is the flat cloud and target, once that is breached it will be se to run on the cloud breakout. Also best team in crypto running penguins and major whale support as can be seen with super high volume on the NFTs.