$PENGU fired a strong short liquidation of $53.555K at $0.0114, showing that sellers were caught and buyers stepped in with heavy pressure. This kind of squeeze often builds momentum for another move up if support holds. If PENGU stays above 0.0113, the chart can push toward 0.0118 and 0.0122. A good entry sits around 0.0111–0.0113 if the price pulls back and shows strength. If it drops under 0.0109, the bullish setup weakens and the squeeze begins to fade. For now buyers are in control, and PENGU can attempt another upward run if volume remains active and the support zone holds steady.