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$PENGU update 👇
The recent golden cross here is simply the 50 EMA crossing above the 200 EMA, a structure shift that usually signals trend strength when price holds above it.
Price is currently reacting around ~0.0118, which is the immediate support and also lining up with short-term EMAs. Holding this keeps the structure intact.
On the upside, ~0.0126–0.0130 remains the key resistance. A clean reclaim above that zone opens room for continuation.
As long as support holds, this looks like consolidation after expansion, not breakdown.
Watching how price behaves here.
Patience pays.