Pengu Holding Key Support Zone for Potential Rotation

Pengu price action has shown strong volatility as it rebounded sharply from the daily support region, signaling active buyer presence at lower levels. This reaction highlights the importance of the 0.02 support zone, where structural demand is concentrated.

Key Technical Points:
- Support: 0.02 daily level holding firm
- Resistance: 0.065 local value area high
- Structure: Range-bound consolidation forming

Price is currently consolidating between the daily support and the local value area high, creating a neutral-to-bullish structure. A clean daily close above the 0.065 resistance could trigger continuation toward higher targets, reclaiming momentum for bulls.

However, any failure to maintain structure above the 0.02 base would expose the chart to a deeper pullback into prior demand zones. Volume remains moderate, suggesting the next impulsive move will likely determine short-term direction.