PENGU – Cup & Handle Breakout Loading?

PENGU is showing a powerful technical setup with a Cup & Handle pattern forming on the daily chart – a classic bullish continuation pattern. Combined with its history of explosive moves after descending channel breakouts, this setup suggests strong upside potential.

Key Highlights:

- Cup & Handle Formation: The rounded base (cup) has formed, and the handle (descending channel) is nearly complete. A breakout above resistance would confirm the bullish pattern.

- Historical Rallies:

May breakout → +217% rally.

July breakout → +354% rally.

- Current Structure: Price is breaking out of the handle (descending channel), which aligns with the bullish continuation setup.

- Potential Target: Cup & handle breakout could project upside toward $0.07–$0.1.

- Volume Watch: Increasing volume during breakout would strengthen confirmation.

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Hexa

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