PENGU this wave of market movement is indeed quite fierce. Recently, it surged 8.6% in a single day, and since the beginning of the year, it has increased by a total of 47%! The entire altcoin sector has benefited, with the total market capitalization (excluding ETH) rising by 7.5%. Last December, we were still in a dead bear market, but it turned around with a rebound, and it looks like there is still room for continuation.

From the 3-day chart, although the downward structure has not been completely broken, both volume and momentum are quietly warming up. There are two key levels to watch—if it falls below $0.0128, the bulls might not be able to hold on, and a switch to a defensive mode will be necessary. The resistance zone above is between $0.016 and $0.022; only a breakout above this range would confirm a genuine upward trend.

The 4-hour chart shows a more optimistic signal. After breaking through the yellow oscillation zone, there are clear signs that short-term buying power has increased. The support level below is at $0.0105; if it is broken, caution is needed as the rebound could be cut short. However, as long as it stays above $0.0128, the stability of the upward movement can be significantly improved.

But a reminder—how far this rebound can go depends heavily on BTC’s performance. Once BTC adjusts, the entire sector may follow suit and pull back. The short-term momentum of PENGU is indeed good, but trading still requires constant attention to BTC’s movements.