TLDR:PENGU price stays above $0.034 support after clean rebound, signaling strong buying momentum in current market trend.Resistance at $0.0418 remains critical for next leg higher, with buyers ready for potential breakout to fresh highs.Trading volume for PENGU tops $704M in 24 hours, reflecting high market interest despite minor daily decline.Accumulation signs suggest sustained bullish momentum as $PENGU consolidates above key demand zone.PENGU has been showing resilience. The price has been holding above a crucial demand zone, signaling strong interest from buyers. Traders are now watching the next resistance level that could decide the short-term trend. Market data shows heavy trading activity, pointing to active participation. If momentum continues, this could lead to new highs in the coming sessions.PENGU Price Holds Above $0.034 Demand ZoneAccording to market tracker CoinGecko, PENGU is priced at $0.03708 with a daily trading volume of $704,356,433. The token has fallen slightly by 0.96% in the past 24 hours but remains 9.09% higher over the last week.Crypto analyst BitWitchX noted that the $0.034 level has been a strong demand zone. The price recently bounced cleanly from this point, suggesting buyers are active and defending the level. The chart also reflects a bullish structure with higher lows forming. This supports the idea that the market trend is still favoring buyers.Market participants are paying attention to the $0.0418 resistance. This level has been tested multiple times without a decisive break. Clearing it could open the path for fresh highs and potentially accelerate the upward move. $PENGU still holding firm above the$0.034 demand zone after that clean bounceBuyers keeping momentum, with strong accumulation signs showing up.→ If we clear $0.0418 again, we could be heading for fresh highs. pic.twitter.com/8BOxmZi6TN— BitWitchX (@BitWitchX) August 13, 2025Until then, PENGU remains in a consolidation range between its support and resistance zones.Accumulation signs remain visible as the price stays comfortably above support. Analysts suggest that this could sustain momentum if buyers maintain pressure. Volume levels also indicate that trading activity has not slowed, keeping the market engaged.Resistance at $0.0418 Key for BreakoutTraders see $0.0418 as a make-or-break level. A successful break above it could confirm a bullish breakout. If this happens, the market could set new local highs beyond the recent trading range.Altcoin Sherpa commented that PENGU’s appeal lies in its mixed profile as a meme token, NFT project, and revenue-generating business. This combination, according to him, gives the token multiple use cases that could draw continued interest from both retail and niche investors.$PENGU is still a great coin and I unfortunately never got filled on the lower green box like I wanted. Might put in a starter position on it though and just add if it gets lower. PENGU is still 1 of those memes that is a cross sector coin- meme + NFT + actual revenue business.… pic.twitter.com/cG4795nj8v— Altcoin Sherpa (@AltcoinSherpa) August 13, 2025Despite the bullish bias, some traders are still cautious. Many prefer to add positions only if the price revisits lower support zones. Others see current levels as reasonable for small entries with the intention to scale in gradually.Market watchers agree that sustained momentum and a clear break of resistance are essential for the next upward leg. Until then, price action is expected to remain within familiar levels, with the $0.034 zone acting as the primary safety net for bulls. The post PENGU Bulls Hold Ground Above Key Support Level: $0.0418 Breakout Next? appeared first on Blockonomi.