Technical analysis by tradecitypro about Symbol PENGU: Buy recommendation (8/10/2025)

👋 Welcome to TradeCity Pro! In this analysis, I want to review the PENGU coin for you. This project is one of the new Solana-based meme coins from China, with a market cap of $2.4 billion, ranked 43rd on CoinMarketCap. 📅 Daily Timeframe On the daily timeframe, this coin started a strong bullish trend from the 0.003813 low. In the first wave of this move, it managed to reach around the 0.015 zone, and after a long correction period, it has now started a new bullish wave, moving up to the 0.043576 high. ✔️ Currently, the price is in a correction and consolidation phase, but the correction is mostly time-based since it hasn’t even reached the 0.236 Fibonacci level yet. 📈 The next bullish leg will start with a break above 0.043576. I will try to open a long position on this coin if this level is broken. 📊 For now, we can’t determine the next targets based on Fibonacci levels because we first need to see how far the price corrects. After breaking 0.043576, I will update the analysis and define the targets. ✨ If the correction deepens, the price can retrace to the 0.236, 0.382, and 0.5 Fibonacci levels. In the case of a sharp drop, as long as the price remains above the 0.015 zone, the trend is still bullish, and a break below this level would signal a trend reversal. 📝 Final Thoughts Stay calm, trade wisely, and let's capture the market's best opportunities! This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️