Market Cap: $3.4636T 2.740%
Volume(24h): $134.7637B 35.740%
  • Market Cap: $3.4636T 2.740%
  • Volume(24h): $134.7637B 35.740%
  • Fear & Greed Index:
  • Market Cap: $3.4636T 2.740%
Cryptos
Topics
Cryptospedia
News
CryptosTopics
Videos
Top News
Cryptos
Topics
Cryptospedia
News
CryptosTopics
Videos
bitcoin
bitcoin

$111254.316884 USD

2.41%

ethereum
ethereum

$2783.967991 USD

6.94%

tether
tether

$1.000412 USD

0.02%

xrp
xrp

$2.423824 USD

4.87%

bnb
bnb

$670.440817 USD

1.30%

solana
solana

$158.277244 USD

4.27%

usd-coin
usd-coin

$1.000173 USD

0.03%

tron
tron

$0.291179 USD

1.23%

dogecoin
dogecoin

$0.180886 USD

5.34%

cardano
cardano

$0.623880 USD

6.09%

hyperliquid
hyperliquid

$41.635473 USD

6.97%

sui
sui

$3.127553 USD

8.00%

bitcoin-cash
bitcoin-cash

$512.963255 USD

1.87%

chainlink
chainlink

$14.341485 USD

3.14%

stellar
stellar

$0.293327 USD

12.68%

Cryptocurrency News Articles

PENGU Breakout Watch: Analyst Signals Key Level as Market Closes

Jul 01, 2025 at 09:00 am

Analysts are eyeing a potential PENGU breakout as the market closes in on $0.015. Will it break through or face another rejection?

PENGU Breakout Watch: Analyst Signals Key Level as Market Closes

PENGU Breakout Watch: Analyst Signals Key Level as Market Closes

PENGU is gaining momentum, and traders are laser-focused on the $0.015 mark. Analyst signals point to a potential breakout if PENGU can decisively close above this level, setting the stage for a significant rally.

The $0.015 Threshold: Key to a Major Bull Rally?

According to AliCharts, a daily close above $0.015 is the real deal-breaker for a major bull rally. PENGU has been knocking on that door, making several attempts to breach the $0.015 resistance. Currently hovering around $0.0136, it's showing strength with a consistent series of higher lows since April.

Ascending Triangle Pattern: A Breakout in the Making?

The PENGU chart is painting a classic ascending triangle pattern. This setup often precedes a breakout when buyers consistently step in at higher prices. The horizontal resistance between $0.015 and $0.0175 has capped the upside, but buyers haven't backed down. A solid trendline from March continues to provide support, keeping the structure intact.

Fibonacci Levels and Potential Price Targets

Fibonacci analysis shows that $0.01245 (0.786 Fib) is acting as a robust support level. Should PENGU successfully clear the $0.015 hurdle, the next price targets are mapped out at $0.0266, $0.0332, $0.0456, and even $0.0592. However, a failed breakout could see support levels tested at $0.0106 and $0.0080, where buyers might jump back in.

Volume and Confirmation: Waiting for the Signal

Each attempt to test $0.015 has met resistance. However, the longer the price holds above the trendline and remains close to resistance, the more pressure builds. The most recent daily candle almost closed above $0.015, but just missed, meaning the breakout is still unconfirmed. As AliCharts highlights, a daily close above $0.015 is the green light for the next leg up. Until then, PENGU remains in a holding pattern.

Final Thoughts: Will PENGU Break Free?

So, will PENGU finally smash through that $0.015 ceiling? Only time will tell. But one thing's for sure: all eyes are on PENGU as the market keeps a close watch. Keep an eye on that chart, folks, and maybe, just maybe, we'll see PENGU fly!

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

Other articles published on Jul 10, 2025