PENGU is showing a powerful technical setup with a Cup & Handle pattern forming on the daily chart – a classic bullish continuation pattern. Combined with its history of explosive moves after descending channel breakouts, this setup suggests strong upside potential.
Key Highlights:
- Cup & Handle Formation: The rounded base (cup) has formed, and the handle (descending channel) is nearly complete. A breakout above resistance would confirm the bullish pattern.
- Historical Rallies:
May breakout → +217% rally.
July breakout → +354% rally.
- Current Structure: Price is breaking out of the handle (descending channel), which aligns with the bullish continuation setup.
- Potential Target: Cup & handle breakout could project upside toward $0.07–$0.1.
- Volume Watch: Increasing volume during breakout would strengthen confirmation.
Cheers
Hexa
PENGUUSD 
PENGUUSDT
Key Highlights:
- Cup & Handle Formation: The rounded base (cup) has formed, and the handle (descending channel) is nearly complete. A breakout above resistance would confirm the bullish pattern.
- Historical Rallies:
May breakout → +217% rally.
July breakout → +354% rally.
- Current Structure: Price is breaking out of the handle (descending channel), which aligns with the bullish continuation setup.
- Potential Target: Cup & handle breakout could project upside toward $0.07–$0.1.
- Volume Watch: Increasing volume during breakout would strengthen confirmation.
Cheers
Hexa
PENGUUSD PENGUUSDT
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🌐Website: hexatrades.io/
🗣️Twitter(X): twitter.com/HexaTrades
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🚀Telegram : t.me/hexatrades
🌐Website: hexatrades.io/
🗣️Twitter(X): twitter.com/HexaTrades
🌐Website: hexatrades.io/
🗣️Twitter(X): twitter.com/HexaTrades
Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.