PENGU recently formed a double bottom structure at $0.008444, with a clear downtrend being under control. From a technical perspective, there are several noteworthy points at this level.

**Technical Analysis**

On the 4-hour chart, the support at the low point of $0.008444 is relatively stable, with no new lows being broken, indicating that the bearish momentum is weakening. The MACD's DIF line is about to cross above the DEA line; if a golden cross successfully forms, it will be a clear bullish signal. Additionally, the RSI has already broken above the 50 midline, which usually suggests that market sentiment is shifting from pessimistic to neutral or slightly optimistic.

**Recent Trend Forecast**

From the short-term ( 4-hour to daily levels ), the possibility of a rebound is relatively high. If an upward breakout occurs, $0.010 could be the first resistance level, and further upward movement might target $0.012. However, it is important to emphasize that the medium- to long-term ( weekly to monthly downtrend has not been truly reversed. If the price fails to break through higher resistance levels, it may easily resume its downward trend later on.

**Reference Strategy**

For those looking to bottom fish, it might be safer to accumulate in stages around the $0.0088 level. Alternatively, entering at the current price of around $0.009 is also an option, depending on your risk appetite. A reasonable stop-loss could be set at $0.0084; a break below this level indicates a failed bottoming process. The key is to strictly adhere to stop-loss rules and avoid overconfidence.