Momentum indicators support the recovery. The RSI has climbed above 70, signalling strong buying pressure but also hinting at potential short-term overbought conditions. Volume has expanded significantly during the recent rally, confirming participation behind the move. If PENGU price breaks above the $0.014 resistance, it could complete the cup structure and open the path toward higher levels.
However, failure at this zone may lead to a pullback toward the $0.008–$0.009 support range, keeping the rally in a consolidation phase rather than a confirmed breakout. Pudgy Penguins is showing strong recovery signs after reclaiming $0.01, but the rally now faces a critical test near the $0.013–$0.014 resistance zone. A breakout above this level could confirm a trend reversal and open further upside, supported by rising volume and strong momentum.
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