PENGU: Bulls Defend Key Support as Momentum Builds for a Comeback

The meme coin PENGU is poised for a comeback after weeks of volatility, with bulls defending a critical support level near $0.022. Technical analysis suggests a potential breakout above $0.030, hinting at renewed upward momentum and a rally toward $0.045. Recent price action has seen PENGU consolidate around $0.0224, a level that has repeatedly served as a turning point for the token’s direction. This supports its ability to withstand potential selling pressure from weak hands, while also aligning with both horizontal demand and the 0.5 Fibonacci retracement of previous surges.