Accumulation Appears Complete on $PENGU as Trend Structure Shifts Bullish
$PENGU is showing clear signs that its prolonged accumulation phase may be coming to an end. After several months of sustained downside pressure, price action has stabilized and begun forming higher lows, suggesting that selling momentum is gradually being absorbed.
From a technical perspective, the downtrend structure that dominated previous price action is losing control. Price has pushed back above the descending trendline and is now attempting to flip former resistance into a new support zone. This behavior often marks an early transition phase from distribution to expansion.
Volume behavior during the recent rebound further supports this view, indicating growing participation rather than a low-liquidity bounce. The current base around the $0.011–$0.012 area appears to be acting as a structural floor, with buyers stepping in consistently on pullbacks.
If this support continues to hold, the next areas of interest align with key Fibonacci retracement zones and prior liquidity levels. The first upside objective sits near $0.025, where partial resistance may emerge. A successful continuation beyond that level could open the path toward the $0.035+ region, where larger supply is likely to be tested.
At this stage, the green expansion path remains the dominant scenario as long as higher lows are preserved and reclaimed levels continue to hold as support.
This analysis reflects personal market opinion only and is not financial or investment advice. Always conduct your own research before making any trading decisions.
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