$PENGU Recent Technical Updates

From the 4-hour chart perspective, this coin's recent price action is worth noting. After the previous descending wedge breakout, the price has continued to rise along an upward-sloping trendline. Currently, the descending wedge has completed another breakout, followed by the first bullish flag formation, which has also broken through successfully.

What does this mean? From a technical standpoint, consecutive pattern breakouts typically signal that upward momentum is still accumulating. Each successful wedge and flag breakout reinforces bullish control. If this pace continues, there remains upside potential worth tracking in the subsequent moves.

Of course, any technical pattern needs volume and market sentiment to sustain further gains. The key now is whether these critical breakout levels can be maintained.