$PENGU – Weekly Chart Analysis

#PENGU appears to be completing a corrective ABC structure, with price currently basing near the B-wave retest support zone. The marked demand area is holding, suggesting downside exhaustion. If this base remains intact, a strong impulsive C-wave is projected, with the first major hurdle around the 0.038–0.042 resistance zone. A clean breakout above this resistance could open the path toward higher targets near 0.075–0.085, confirming a broader bullish reversal on the Weekly timeframe.

We are at Support-1. If we break and close below Support-1, we can expect sideways movement and one more low before the final C wave.