Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
PENGU Signals Rebound Potential Above Key Support

PENGU Signals Rebound Potential Above Key Support

CoinomediaCoinomedia2025/08/03 19:10
By:Aurelien SageAurelien Sage

PENGU shows bullish signs at $0.0315 support. A breakout above $0.036 may spark a rally to $0.044.TD Sequential Flashes a Bullish SignalEyes on $0.044 as the Next Target

  • PENGU finds strong support at $0.0315 with high volume
  • TD Sequential indicator flashes a buy signal
  • Break above $0.036 could target $0.044 next

PENGU is catching the attention of traders as it stabilizes at a key support level of $0.0315. This zone isn’t just another number—it aligns with a heavy volume profile, suggesting strong investor interest and accumulation. When prices rest at such demand-heavy levels, it often marks the start of a potential rebound.

As of now, the $0.0315 zone has proven resilient, with buyers stepping in to absorb selling pressure. Volume analysis indicates that this area has been a battleground for bulls and bears, but the bulls may be gaining the upper hand.

TD Sequential Flashes a Bullish Signal

Adding further weight to the bullish case is the TD Sequential indicator. Known for signaling market reversals, the tool is now flashing a buy signal on PENGU’s chart. This suggests that the recent downtrend could be nearing exhaustion, opening the door for a potential upside move.

If the price sustains a move above $0.036, it could be the catalyst for a fresh rally. This resistance zone serves as the next hurdle for bulls, and breaking it would confirm the shift in momentum.

Eyes on $0.044 as the Next Target

Should the breakout materialize, the next logical target sits near $0.044. This level aligns with previous resistance and represents a healthy upside from current levels. While short-term volatility can’t be ruled out, the current technical setup offers a bullish bias for PENGU.

For traders watching the memecoin space, PENGU’s current formation is one to watch closely. The support at $0.0315, combined with a technical buy signal and increasing volume, makes this an attractive setup for a potential breakout.

Read Also :

  • PEPE Nears 472K Holders Despite Price Drop
  • Cold Wallet, SHIB, PENGU & DOGE: Analysts Just Flagged These as the Top Cryptos to Buy This Month!
  • AguilaTrades Makes Bold 40x Leveraged BTC Long Bet
  • 4 Top Trending Cryptos in 2025 With Real-World Utility: BlockDAG, BNB, Monero, & Tron
  • PENGU Signals Rebound Potential Above Key Support
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

U.S. dollar stabilizes as investors anticipate possible Fed cuts

Share link:In this post: The U.S. dollar gained against major world currencies after its August 1 tumble, as investors looked forward to imminent Fed rate cuts. Trump’s firing of the Bureau of Labor Statistics Commissioner Erika McEntarfer and the surprise resignation of Fed Governor Adriana Kugler sank the dollar on Friday. MRB Partners warned of an even more “dire scenario” if faith in the U.S. government’s ability or willingness to repay its debts ever faltered.

Cryptopolitan2025/08/04 10:25

Trump floats tariff dividend for middle and lower income Americans

Share link:In this post: President Donald Trump says they may offer some kind of dividend to Americans from the tariff revenue. In late July, Trump had said they were considering rebate checks for Americans. Countries still have up to August 7 to negotiate a trade deal with the US.

Cryptopolitan2025/08/04 10:25
Trump floats tariff dividend for middle and lower income Americans

Ethena’s USDe expanded its supply by 75% in July to become the third-largest stablecoin

Share link:In this post: Ethena’s USDe expanded its supply by 75% in July, reflecting the ETH rally and the renewed confidence in the crypto market. Staked USDe rose to a record premium at $1.19, with $5.22B staked. USDe has spread to Bybit and Uniswap V3, with he potential to decrease the supply if ETH breaks its bullish streak.

Cryptopolitan2025/08/04 10:25
Ethena’s USDe expanded its supply by 75% in July to become the third-largest stablecoin

Former UK Chancellor Osborne warns the UK is losing in global crypto race

Share link:In this post: Former UK Chancellor and British Finance Minister George Osborne warned that the country was losing crypto ground to rivals in the global race. Osborne criticized the Labour government for its cautious approach to crypto, pointing out that the U.S., the UAE, and Asia were seizing the opportunity. The founder of ByteTree, Charlie Morris, said the FCA had taken an understandable cautious approach given Bitcoin’s volatile past.

Cryptopolitan2025/08/04 10:25
Former UK Chancellor Osborne warns the UK is losing in global crypto race