Pengu Price Re-Tests Triangle Breakout Support At 0.00773

PENGU price re-tested the triangle breakout level of 0.00773 as traders watched the four-hour candle close, 0.00800 resistance, and support near 0.00760. The price of PENGU has returned to the resistance of the symmetrical triangle that broke at 0.00773. The market is now awaiting the closure of the four-hour candle to see whether the resistance line can act as support. This retest came after PENGU broke out from the symmetrical triangle formed as two lines converged. The upper line was falling while the lower line was rising under successive lows. Eventually, the price broke out from the falling resistance.

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Source: Crypto Breaking News