PENGU/USDT – Bullish Breakout Ahead

Price is reacting strongly from a key demand zone and has broken out of a bullish wedge. As long as price holds above the breakout zone ($0.005), there is strong potential for a continued move to the upside toward the outlined targets.

🔹 Current Price: $0.0055
🔹 Key Demand Zone: $0.0034 – $0.0046


Price has been in a strong downtrend within a falling wedge pattern.
A bullish breakout from the wedge has occurred with a powerful +30% bullish candle.

This breakout signals a potential trend reversal and the start of an upward movement.

🎯 Potential Price Targets:

TP1: $0.02239
TP2: $0.02959
TP3: $0.03822

🛡 Stop Loss: Close below $0.0040 (invalidates the breakout)