Pengu holds above $0.009785 resistance as hourly momentum turns negative

As of October 5, 2026, the Pengu price trades at $0.009787 on Binance, just above the daily R1 pivot at $0.009785. That level acted as resistance on the prior close and now faces a test as support — holding above it through the next daily close would confirm genuine trend continuation.

$PENGU/USDT — daily chart with candlesticks, EMA20/EMA50 and volume.

Key takeaways

  • $PENGU trades at $0.009787, holding just above the daily R1 pivot at $0.009785
  • Daily EMA structure remains bullish with price above the EMA20, EMA50, and EMA200 in proper alignment
  • Daily RSI at 56.5 signals room to run, but the hourly MACD histogram has turned negative
  • The Fear & Greed Index reads 70 (Greed) while total crypto market cap is down 0.84%
  • A daily close above $0.009785 would confirm the bullish case; a close below $0.009453 would invalidate it