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🐧 $PENGU Is Worth Watching! Meme coin traders are paying attention to PENGU. Will bullish momentum continue, or could sellers take control? Volatility makes risk management essential. Bullish or bearish? #PENGU #PudgyPenguins #Crypto

$GRVT PENGU price re-tested the triangle breakout level of 0.00773 as traders watched the four-hour candle close, 0.00800 resistance, and support near 0.00760. The PENGU price is back at the former triangle resistance level of 0.00773, which has now become support. A four-hour candle closing above the re-tested trendline will keep the bullish breakout pattern intact. The resistance levels from 0.00790 to 0.00800 continue to impede recovery. Trading volume rose by 37.22% as market capitalization touched 484.3 million. PENGU Re-Tests Symmetrical Triangle Breakout Level The price of PENGU has returned to the resistance of the symmetrical triangle that broke at 0.00773. The market is now awaiting the closure of the four-hour candle to see whether the resistance line can act as support. This retest came after PENGU broke out from the symmetrical triangle formed as two lines converged. The upper line was falling while the lower line was rising under successive lows. Eventually, the price broke out from the falling resistance. According to Alpha Crypto Signal, 0.00773 is an important level for this trading setup. The analyst says the four-hour candle must close above the reclaimed trendline to preserve the breakout pattern. Otherwise, the consolidation range may take over. Resistance 0.00800 In Intraday Recovery In the past 24 hours, PENGU traded around 0.007704, down 1.22%. On the intraday chart, the price initially moved around 0.00770, then rose toward 0.00780. However, sellers pulled it back below that level, pushing it near 0.00760. Then buyers staged a strong recovery, and PENGU climbed to 0.00800. Even though the move showed active buyer participation, multiple reversals at the upper end suggested resistance is still present. Right now, the 0.00790 to 0.00800 range is crucial. PENGU reached this area but has not made any sustained trades above 0.00800. A successful penetration could lift recovery and make recent high levels vulnerable. Trading volume grew by 37.22%, while market capitalization was approximately 484.3 million. Four-Hour Candle Close Determines The Direction For Next The four-hour timeframe remains key to the latest analysis of the PENGU price. Previously, moving averages suggested the downtrend would continue, but the price bounced off those lines after a triangle pattern formed. A daily close above 0.00773 would keep the reclaimed support line intact. Buyers may then attempt to push price toward the local highs again, with 0.00800 acting as the resistance level to break. On the other hand, a reversal back into the triangle pattern would undermine the breakout. That could pull price back into the prior consolidation range and make investors question the bullish continuation scenario. The 0.00770 area is also worth monitoring, as price has tapped it multiple times during intraday sessions. Breaking through could open the way toward 0.00760. PENGU Breakout Confirmation The next four-hour candle is expected to confirm whether buyers can sustain the former resistance line. Failure to hold above 0.00773 would be a strong sign the breakout attempt was unsuccessful, while rejection could shift focus back to the previous price range. For now, the retest remains undecided, and PENGU traders are watching the 0.00773 support zone and the 0.00800 resistance. This article was originally published as Pengu Price Re-Tests Triangle Breakout Support At 0.00773 on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.

$GRVT PENGU price has returned to its broken triangle resistance near $0.00773, putting the four-hour closing level under close watch. A four-hour close inside the triangle would weaken the breakout and bring the earlier consolidation range back into focus. PENGU has rebounded from near $0.00760, while resistance around $0.00800 continues to challenge the latest upward move. PENGU price is testing its triangle breakout, with the next four-hour close set to determine whether the reclaimed trendline holds. PENGU Tests the Former Resistance Line Alpha Crypto Signal says PENGU is retesting its four-hour symmetrical triangle breakout near $0.00773. The analyst’s condition is specific: a four-hour candle must close above the reclaimed line. A close back inside the triangle would invalidate the current continuation setup. Source: X There are two trendlines that are converging price into a tighter range. The top line is down sloping, with the bottom line rising under the following lows. PENGU eventually moved above the descending line, shifting attention to whether that break could hold. Price has now returned to the area it crossed during the breakout. This is where the former resistance must act as support. The retest does not constitute a successful move, particularly before the candle closes. If sustained, the breakout structure would be maintained. Buyers would then have room to challenge the recent local highs. However, the chart does not confirm that another upward leg has begun. Intraday Trading Shows a Sharp Rebound The intraday chart records PENGU at $0.007704, down 1.22% over 24 hours. Price moved around $0.00770 before climbing toward $0.00780. It later slipped below that area and approached $0.00760 during the weaker part of the session. Source: Coinmarketcap Buyers then pushed the price sharply upward toward $0.00800. The move marked a clear recovery from the session’s lower range. Several reversals near the top show that the advance has not been smooth. The 0.00790–0.00800 zone now separates the rebound from further progress. PENGU approached this area but had not held above $0.00800. A sustained move through that ceiling would give the recovery firmer footing. Trading volume rose by 37.22% and the market capitalization was around $484.3 million. The higher volume indicates higher activity over the 24-hour period sampled. It doesn't, alone, determine the next buying-seller cycle. Four-Hour Confirmation Will Decide the Setup The moving averages on the wider chart had been pointing downward during the earlier decline. Price later recovered toward these lines as the triangle developed. Their direction offers context, but the trendline retest remains the main condition in Alpha Crypto Signal’s setup. If the four-hour candle closes above former resistance, PENGU could revisit its recent highs. Those highs would provide the next price area to monitor. Further movement would depend on buyers keeping price above the reclaimed boundary. A close back inside the triangle would tell a different story. It would weaken the breakout and place price back within the previous consolidation structure. Traders would then need to reassess the setup rather than assume continuation. The $0.00770 area also matters because price repeatedly crossed it during intraday trading. A drop beneath it could expose the earlier low near $0.00760. This would place the recent recovery on the verge of being tested after the steep ascent. There must be a bullish scenario with price staying above the broken trendline. A close is needed after a brief spurt when trading above resistance. The next four hour candle will reveal if buyers are able to hold the breakout or if price returns to the triangle.

$PENGU - Mcap 450.41M$ - 24h Sentiment +3.50 Bullish SC02 M1 - pending Short order. Entry contains POC + not affected by any weak zone, the current resistance zone is approximately 2.29% wide. The downtrend has lasted 3 hours and 39 minutes, with the largest recorded price decline of 12.01%. If price breaks above this resistance zone, the trend is likely to reverse upward.