PENGU is heating up! Care Bears are backing it, will the penguin fly? 🐧
#pengu The past few months have seen a decline on #solana , but the bears are starting to lose strength. Recently rebounding from a flag support level of $0.0097, momentum is warming up, and the stock price has risen 8% in the short term, breaking through to $0.01138.
As soon as the collaboration news was released, the market exploded: net inflow into futures reached $1.01 million, and $470,000 into spot, with whales clearly increasing their positions, indicating that everyone is optimistic about long-term value. There is some short-term profit-taking, but buyers remain active.
CVD data shows that the dominance of buying has been stable over the past few days. Combined with the flag support structure, PENGU has the potential to challenge the upper track, with the next resistance around $0.034. Sentiment is much more open than a month ago, and traders can once again keep an eye out for opportunities.
