PENGU rallies 68% in a week! – Mapping its road to $0.018 and beyond

• The pengu gathering by 68%when the volume of the spot rose sharply and the SuperTrend blinked the fresh purchase signal.
• Short pressure is built nearly $ 0.018, because technical and disposal are equal to the potential of escape.

Pudgy penguins [PENGU] Over the past seven days, over 68% increased and for the first time in months, the Supertrend indicator has overturned the Bull Signal.

These assemblies monitor the extended phase of accumulation and brought a token near critical resistance for $ 0.018.

At the time of writing, the pengu traded around $ 0.0162 and showed strong momentum up. The question now is whether Bulls can keep this rally and trigger another leg towards $ 0.028.

PENGU Spot Market warms up when buyers are flooded

The map of the bubbles on the point volume changed “heating” and pointed to a dramatic increase in activity on the side of purchase across exchanges.

This volume increase reflects renewed market participation and real demand than speculative effect controlled derivatives.

Such a tip often precedes by a permanent assembly, especially when it is paired with a strong overturning of the supertrends. Therefore, this increase in the point interest could form a fixed base for continuing price force.

If the volume holds or rises further, the resistance may drop $ 0.018 earlier than later, preparing a path for a larger bull extension.

FLIP Mixed financing rates: Will shorts another leg up?

Financing rates remain in conflict across stock exchanges.

At the time of writing, while the binance aggregated rate changed to 0.01%slightly positive, the level weighted oi remained firmly negative to -0.0329%. This suggests that many traders still hold short positions despite the recent rally.

If the bull momentum continues, it could trigger a wave of short disposal, which further amplifies the movement of the price.

Therefore, the persistent short pressure could work against each other and support upside down when traders rush to cover positions.

This drag between sentiment and momentum sets the soil for high volatility.

MacD and Sar Alignment strengthens the bull’s bias

Technical indicators show no signs of weakness.

At the time of printing, the MacD line moved above its signal line, indicating a growing bull momentum.

Meanwhile, the parabolic dots of SAR remained under the current price structure and confirmed the power of the trend. The key support levels rest at $ 0.0151 and $ 0.0114, while $ 0.018 remains a critical resistance to defeat.

With tools watching trends flashing green, the bulls seem to be firmly under control-at least for now. The longer the peck it holds its structure, the larger traders they can get.

Liquidation clump forward: Could $ 0.018 cause a chain reaction?

The thermal map of the binance disposal shows heavy clusters of short disposal stacked around 0.0173 to 0.018.

With a peck trading near this zone, any pressure above $ 0.018 could cause cascading disposal and speed up uptrend towards $ 0.028.

These captured lever shorts act as a fuel for volatility. This price zone is therefore not only a technical resistance, but also a twist point for a wider market response.

Pure escape could release aggressive momentum and pull even more participants in motion.

Does the peck break by $ 0.018 and extend their rally?

The courses are leaning in favor of escape over $ 0.018, supported by increasing demand, bull technical signals and increasing short pressure.

If the momentum of pok

However, permanent purchase pressure is necessary – further refusal for $ 0.018 could stop the rally.

Several next business sessions will be decisive in determining whether Bulls can overturn $ 0.018 into a solid launchpad or the rally deteriorates just before lifting.