Oh My Goodness! Will PENGU Balloons to a Whopping 38%? Find Out Now! 🐧💥

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After a scrumptious 26% gobble-up of gains over the last week, our cheeky friend Pudgy Penguins (PENGU) is hanging about just beneath a mighty wall of resistance, like a kid eyeing a cookie jar! 🍪

While the altcoin crowd takes a breather, PENGU looks ready to leap into the limelight, but only if it can outsmart that one pesky obstacle. A little peep at bullish strength, liquidations, and price charts reveals there might still be some wiggle room for our plucky little token.

PENGU Bulls Are Dancing Away! 💃🐻

Despite a teeny 2% dip in the last 24 hours, the bulls are still strutting their stuff like they own the place! The Bull-Bear Power (BBP) index, which is like a measuring stick for market strength, is gleefully glowing green at around 0.0148. It’s a signal that buyers are still throwing their weight around, even after a little hiccup.

For a daily scoop of token-ta-ta and market gossip: Fancy more delightful insights like this? Slide right over to Editor Harsh Notariya’s Daily Crypto Newsletter here.

In plain old terms, when the BBP is sprightly positive, that means the bulls are giving the bears a run for their money! And dear PENGU’s BBP has been brighter than a shiny coin since late June, even as the price has been tiptoeing below key resistance. This steadfast strength could mean that any little dip is just a snooze before another big leap forward!

If the BBP maintains its positive vibes while the price pirouettes past resistance, it might seal the deal that PENGU still has a bounce left in its bounce! But beware! If the BBP throws in the towel and turns negative, it could holler a warning of a more dramatic tumble ahead. 🎢

7-Day Liquidation Map: A Bumpy Ride Ahead? 🚀

PENGU is currently trading around a sprightly $0.036. The 7-day liquidation map is like a party planner showing cumulative short liquidation leverage stacking up to a curious $10.46 million against $10.18 million for longs; it looks like the shorts are getting a tad too cozy! Do remember, though, there isn’t a whole lot separating Longs and Shorts, and a price shift in either direction could trigger the confetti cannon for PENGU! 🎉

As the bulls are strutting their stuff, and oh my, they’re doing it robustly, as confirmed by the BBP index, the spunky price movements could rattle the shorts more than the longs.

If the price jumps over $0.039, fueled by ants-in-their-pants bulls breezing past the key resistance, and dashes towards $0.042, a grand unveiling of a major liquidation cluster of shorts may just unveil itself. This delightful scenario could lighten the downward pressure and send PENGU soaring to its next big destination!

The liquidation map reveals a gathering of short positions; should PENGU’s price shoot upward, those betting against it might find themselves regretting their choices and forced to buy back, zipping the price even higher! 🚀

PENGU’s Price Action: Is a 38% Bonanza Coming? 🎈

Now, let’s get a little technical! PENGU’s price has danced right up to the 0.382 Fibonacci level near $0.039—twice—and failed to scamper above it cleanly. As of now, it wobbles just under that pesky resistance. Let’s not forget, besides the Fib extension snag, there’s another key resistance to tackle at $0.037. 🎢

The chart is like a treasure map, using the Trend-based Fibonacci extension tool which connects the swing low of $0.0077 to the giddy high of $0.035, and then to the instantly retraced price level of $0.028. This nifty doohickey charts the next price treasure for our coin in an uptrend.

If PENGU can glide on over a clean breakout above $0.037, and then make a dash for $0.039 and $0.042 (the 0.5 Fib zone), it opens a treasure chest leading to $0.045 first—a delightful 25% leap. Should that barrier crumble, the next key target gaudily shines at $0.050, the 0.786 Fibonacci level, which would be a whopping 38% jump from the current merry price around $0.036. 💰✨

The validation for this grand adventure comes from dwindling bear power, filling short positions, and a sturdy chart structure lifting its head high. But beware! If PENGU stumbles past the $0.035 resistance-turned-support, or continues sinking to touch the retracement zone of the Fibonacci extension at the $0.028 mark, it might be time to hold your breath and keep your fingers crossed! 🤞

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2025-07-22 23:52