$PENGU Is Pressing Against A Major Decision Zone PENGU / USD Coin PERPETUAL CONTRACTBINANCE:PENGUUSDC.PLeo524PENGU Is Pressing Against A Major Decision Zone š One thing stands out on PENGU right now: price is getting squeezed between descending resistance and rising support. This kind of compression often means liquidity is building on both sides before the next stronger move. The 12H structure is still mixed, but buyers have defended the lower support area several times. Momentum is also improving as price pushes back toward resistance. The first level Iām watching is the upper resistance zone. A clean break and hold could open the path toward the next major resistance areas. š I would still wait for confirmation instead of chasing the first spike. A breakout followed by a retest would give a cleaner setup. If sellers reject again, the lower support zone becomes important. ā ļø #LEO524 #PENGU #Crypto #PriceAction #SMC Analysis by LEO524