[Analysis] Pudgy Penguins Keeps Uptrend Intact; Break Above $0.011 Could Spur Further Gains
Uk Jin
Summary
- Analyst Ali Martinez said Pudgy Penguins (PENGU) is maintaining its uptrend despite a recent decline.
- He said the bullish structure would remain intact as long as two trend lines continue to support the current price, and that Pudgy Penguins could climb back to $0.011.
- He added that if Pudgy Penguins breaks above $0.011, the next upside target would be $0.021, while the token was trading at $0.0084, up 2.83% from a day earlier.
Forecast Trend Report by Period
Pudgy Penguins (PENGU) is maintaining its upward trend despite a recent decline, analyst Ali Martinez said.
Writing on X, formerly Twitter, on Oct. 10, Martinez said PENGU was holding support after meeting resistance and could form a new low above its previous bottom.
He said the bullish structure would remain intact as long as the two trend lines supporting the current price hold. Under that scenario, PENGU could climb back to $0.011.
He added that if PENGU breaks above $0.011, the next upside target would be $0.021.
As of 3:30 p.m., PENGU was trading at $0.0084, up 2.83% from a day earlier, according to CoinMarketCap.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.