PENGU Price Analysis: Potential Breakout at $0.04 Supported by Liquidity

PENGU’s price has surged to new highs, reaching over $0.03096 USD after a 5.1% gain within the last 24 hours. This strong rally coincides with growing confidence in the token’s future, fueled by interoperable DeFi integrations and increasing institutional interest. Market analysis reveals key levels of support and resistance, including the crucial psychological barrier at $0.04. The price action is currently showing signs of consolidation on lower timeframes (RSI ~76), followed by an expansion of the bullish MACD trend, suggesting a continuation of the upward momentum.