PENGU Above the Cloud – Bullish Momentum Builds

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PENGU is maintaining a position above the Ichimoku Cloud on the daily chart — a signal that bullish momentum is in play. The cloud’s Leading Span A and B now act as dynamic support at $0.0154 and $0.0140, respectively, suggesting that the uptrend remains protected for now.

The Ichimoku Cloud indicator helps track trend direction and potential support/resistance zones. With PENGU trading above it, the bias remains bullish, pointing to increasing demand and fading bearish pressure. Should this accumulation phase hold, the price could push toward $0.0203 in the near term.

That said, caution is warranted. If buyers begin to exit and profit-taking sets in, PENGU risks falling close to the cloud’s upper boundary. Traders should watch for a change in volume or momentum that could signal a potential reversal.

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