G-Gregor

Right now (around Feb 15, 2026), the picture from your chart is that has flipped from “bleeding” to “running.” Price is sitting around $0.007784 after a strong +18% day, and that’s not a small move for something this cheap. The 24h range is wide ($0.006597 to $0.008203), which tells you volatility is very much alive, but the important part is how it moved: it looks like a clean V-shaped rebound off that $0.005–$0.0065 support shelf, with buyers stepping in hard and green candles taking over late.

The moving averages add to the reversal vibe. Price being well above the 7-day MA ($0.006543) is a short-term bullish sign, and it’s basically pushing into the 25-day MA ($0.007976). If it can hold above or keep “hugging” that zone without snapping back down, that’s the kind of behavior you often see right before momentum traders pile in. The 99-day MA (~$0.010448) is still overhead and sloping down, so longer-term resistance is real, but the fact price is breaking upward from below means the market is at least attempting to change the trend instead of just doing a dead-cat bounce.

Volume is the loudest part of this chart. A 2.85B PENGU 24h volume spike after heavy volume at the lows is exactly what you want to see if you’re trying to argue “accumulation then breakout.” It suggests the rebound isn’t just a thin liquidity fluke; there’s actual participation behind it. Still, with meme coins, huge volume can also mean “crowded trade,” so the follow-through over the next couple of sessions matters more than the first pop.

If you’re thinking long, the most reasonable plan is either entering around current levels ($0.0077–$0.0079) or being a bit more patient and looking for a pullback into $0.0070–$0.0073, which lines up better with the reclaimed area near the 25-day MA and gives you a cleaner risk-reward. The biggest mistake here is chasing if it suddenly gaps higher intraday, because meme coins love doing one more candle up just to trap late entries and then shake them out.

For targets, the first obvious take-profit zone is the recent high area around $0.0082–$0.0085. That’s where you often get the first real pushback from sellers, and it’s a sensible place to skim profits or move your stop up. If it clears that and holds, the next zone is $0.009–$0.010, which is both psychological and lines up with the idea of a bigger continuation push toward the 99-day MA region. And if the market turns full risk-on and the hype cycle really catches, then the “stretch” area around $0.012–$0.014 becomes possible, but that’s the kind of move that usually needs sustained narrative + volume, not just one strong day.

Stops are where you protect yourself, because this is the part people skip and then get wrecked. A tighter stop is under the most recent swing low zone around $0.0066–$0.0068, which basically says “if it breaks back into the chop range, I’m out.” A safer, wider stop is below the bigger structural support around $0.0058–$0.0060, which is more like “if it loses the base, the whole reversal idea is invalid.” The trade-off is obvious: wider stop means you need smaller size, because meme coins can absolutely wick you out before continuing.

The bullish case here is simple: strong momentum, big volume confirmation, and price reclaiming key averages after a prolonged downtrend. On top of that, tokens like #PENGU tend to move fast when attention rotates into NFT/meme plays, and the “gainer” label plus a big daily candle often attracts exactly the kind of short-term flow that can extend a rally. The risk is also simple: these pumps can reverse brutally on profit-taking, whale sells, or just the hype fading, and liquidity can feel deep one moment and thin the next.

If you want the cleanest way to manage it, think in terms of behavior rather than hope: watch whether it can keep closing strong above $0.008, and keep an eye on the broader market mood (BTC and SOL especially) because meme coins usually amplify whatever the larger market is doing. If momentum stays elevated and volume remains strong without immediate collapse, the setup has room to run. If volume spikes but price starts failing to push higher, that’s often the first warning the move is getting tired.