Crypto Potato
2025-09-09 05:10:51

PENGU Bottom In? TD Sequential and Wedge Breakout Say Yes

TL;DR TD Sequential prints a 9-buy signal after weeks of decline, hinting at potential trend reversal. The asset breaks out of a falling wedge, confirming bullish structure and lifting PENGU into the previous range. Analysts are watching $0.042 as the next key resistance after a 13% gain and strong short-term buying interest. TD Sequential Signals a Buy on 3-Day Chart A new buy signal has appeared for PENGU on the 3-day chart using the TD Sequential indicator. Shared by crypto analyst Ali Martinez, the indicator printed a “9” candle, which often appears at the end of a downtrend. It suggests that sellers may be losing momentum. Meanwhile, the signal is shown with a gray upward arrow below the latest candle. Martinez posted, “$PENGU is a BUY right now, per the TD Sequential indicator.” These setups are usually watched for early signs of a bounce or shift in trend. The signal follows several weeks of declining price action. $PENGU is a BUY right now, per the TD Sequential indicator! pic.twitter.com/KDwOwZ5nG9 — Ali (@ali_charts) September 8, 2025 At the time of writing, PENGU trades at $0.035. The asset is up 15% over the past 24 hours and has gained 20% over the last seven days. The move comes after a drop from the $0.035–$0.038 area in mid-August, with the price reaching a low near $0.0287 before rebounding . Recent candles have had smaller bodies and lower volatility. This pattern often suggests that selling pressure is easing. There are also lower wicks on the candles, pointing to buying interest at lower levels. These details support the idea that the market may be forming a short-term base. Breakout Observed on 12-Hour Timeframe On the 12-hour chart, analyst Sjuul shared a breakout from a falling wedge formation. The pattern had been in place throughout August. Price recently moved above the wedge resistance, while holding within a demand zone that had been tested several times. Sjuul referred to the move as “ another perfect bottom call ,” saying that the token is “ now pumping and going places .” The breakout has pushed the price into the middle of the previous range. If momentum holds, the next area to watch is the resistance near $0.042. Market Watchers Discuss Potential Upside CryptoBull_360 mentioned that PENGU is trading near the point of control within a descending triangle setup. He said that “sustained consolidation above this zone could spark a short-term rally of 30–40%.” He also pointed to rising volume as something to keep an eye on. Livercoin commented , “The only meme IP I keep seeing IRL and in popular non-crypto content,” adding that he is hoping for a pullback before any next leg higher. The post PENGU Bottom In? TD Sequential and Wedge Breakout Say Yes appeared first on CryptoPotato .

Crypto 뉴스 레터 받기
면책 조항 읽기 : 본 웹 사이트, 하이퍼 링크 사이트, 관련 응용 프로그램, 포럼, 블로그, 소셜 미디어 계정 및 기타 플랫폼 (이하 "사이트")에 제공된 모든 콘텐츠는 제 3 자 출처에서 구입 한 일반적인 정보 용입니다. 우리는 정확성과 업데이트 성을 포함하여 우리의 콘텐츠와 관련하여 어떠한 종류의 보증도하지 않습니다. 우리가 제공하는 컨텐츠의 어떤 부분도 금융 조언, 법률 자문 또는 기타 용도에 대한 귀하의 특정 신뢰를위한 다른 형태의 조언을 구성하지 않습니다. 당사 콘텐츠의 사용 또는 의존은 전적으로 귀하의 책임과 재량에 달려 있습니다. 당신은 그들에게 의존하기 전에 우리 자신의 연구를 수행하고, 검토하고, 분석하고, 검증해야합니다. 거래는 큰 손실로 이어질 수있는 매우 위험한 활동이므로 결정을 내리기 전에 재무 고문에게 문의하십시오. 본 사이트의 어떠한 콘텐츠도 모집 또는 제공을 목적으로하지 않습니다.