PENGU cryptocurrency experiences breakout after consolidation

PENGU has experienced a price breakout following a period of several months of consolidation. The asset has reclaimed key horizontal resistance levels, supported by a significant expansion in trading volume, which indicates increased market participation.

Technical analysis suggests that the current bullish structure depends on the price maintaining support above specific demand zones. For the PENGU/USDT pair, a key buying order block is identified between $0.009033 and $0.009167. If this level holds, potential upward targets include $0.009648 and $0.010171. However, a confirmed close below the established order block or the $0.008971 level could invalidate the current bullish momentum and signal a shift in control toward sellers.