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PENGU Nears Key Resistance as Accumulation Phase Concludes

PENGU Nears Key Resistance as Accumulation Phase Concludes

Author:

Global Cryptocurrency

Published:

2026-01-14 05:05:02

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BTCCSquare news:

PENGU's price action shows tightening volatility with a developing double three-day inside bar pattern, signaling potential breakout conditions. The $0.035 resistance level now serves as a critical technical threshold, with false breakdown scenarios potentially triggering short squeezes toward the $0.138 historical high.

Market structure suggests completion of accumulation, evidenced by absorbed selling pressure and a broken descending trendline. Analysts observe this consolidation phase typically precedes upward momentum, with the token's base formation reflecting improved market sentiment.

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