PENGU memecoin rebounds 14%, but traders, is there a catch?

• PENGU surged 8% after bouncing from the 0.618 Fibonacci level, often viewed as a strong bullish support.
• Analyst targets of $0.017 and $0.025 remain long-term scenarios, barring immediate bullish continuation.

Pudgy Penguins [PENGU] staged a sharp recovery on the daily chart, breaking out from a descending channel to hit $0.0125.