PENGU Price Consolidates at $0.03388, Potential Bullish Engulfing Suggests Next Move

The PENGU price continues its upward trend, rising 8.2% to reach $0.03388 in the last 24 hours. This puts the token in a tight consolidation phase, with resistance at $0.03394 and support at $0.02947. Weekly chart analysis suggests this consolidation follows a strong green candle, indicating potential bullish engulfing formation. 8.2% gain against Bitcoin pushes PENGU to 0.062724 BTC, exceeding broader market performance. Trading ranges have narrowed considerably, with increasing attention on the upper resistance level.