- PENGU has seen nearly +200% gains since April 22nd, but structure suggests more than just hype
- Liquidity is present both above and below current price, hinting at potential manipulation before a decisive move
- A clear supply zone above could serve as resistance — or fuel for the next breakout
Let’s talk about PENGU — yes, that penguin memecoin with a whole vibe of its own.
Now, before we dive into the juicy stuff (like potential moves and key levels), let me give a quick intro for those of you who are new around here.
PENGU is one of the latest meme tokens riding the Solana wave, combining humor, community-driven energy, and that sweet, sweet speculative potential. It doesn’t pretend to be anything it’s not.
No “world-changing” promises — just vibes, memes, and potentially life-changing gains (or losses, if you’re on the wrong side of the move).
Daily Chart: A Cool 200% Since April 22nd
Yep, you read that right. From April 22nd to now, PENGU has delivered nearly a +200% move. It’s been explosive — but what’s more interesting is how it’s doing it.
This isn’t just random moon behavior. There’s structure to this madness.
H2 Chart: Accumulation, Liquidity, and What’s Next
Zooming into the 2-hour timeframe, we can clearly spot a recent accumulation phase. Now, if you’re new to this: accumulation is when price moves sideways for a while — soaking up liquidity, trapping both longs and shorts before deciding which way to truly go.
And speaking of liquidity — let’s break that down real quick.
Liquidity (in this context) means clusters of stop losses — money — resting above recent highs or below recent lows. Market makers love this. Why? Because those zones are basically free food for them.
Right now, PENGU has liquidity resting below — meaning if price dips there, it could be a move designed to grab stops before heading higher.
But wait — there’s also liquidity above, and guess what else? A clean supply zone overhead. This could act as resistance, or it could be the magnet that draws price higher after a fakeout below.
What Could Happen?
Here’s what I’m thinking — and let’s be clear, this is not financial advice, just a probability-based perspective.
We might first see price sweep the liquidity below, shake out some weak hands, and then push up toward the supply zone. That’s where things get interesting. If we react bearishly there, it could just be another redistribution phase. But if we break through clean? Well… let’s just say I wouldn’t bet against another leg up.
But hey, here’s the truth — markets don’t owe us anything.
They can move irrationally, unpredictably, and completely against any well-thought-out scenario. And I’ve been around long enough to know: patience beats prediction.
So yeah, the setups are there. The story is unfolding. But there’s no need to rush the ending.
Let’s wait for price to tell us what it wants.
