$PENGU /USDT Analysis — Bearish to Short-Term Relief Bounce? 🧊🐧
🔻 Current Price: $0.010915
⏱ Timeframe Analyzed: 1H & 4H
📉 24H Drop: -9.70%
📈 24H High–Low: $0.012253 – $0.010512
📊 Chart Pattern Breakdown:
🕐 1H Timeframe📊
Price sharply declined and formed multiple bottom wicks near $0.0105, showing buyer interest at that zone.
A small green recovery candle has printed, signaling a possible short-term relief bounce.
Price is still trading below both EMA-20 ($0.01112) and EMA-50 ($0.01152) = bearish bias intact.
MACD: Bearish momentum decreasing; histogram is flattening.
RSI (14): 40.95 → Near oversold, indicating weakening selling pressure.
🕓 4H Timeframe📊
Price faced a clean rejection from $0.0122 and is now trying to hold the $0.0105–$0.0109 support zone.
EMA-20 and EMA-50 crossover has turned into resistance above $0.0111–$0.0115.
MACD: Still bearish, but histogram shows reducing red bars — signaling momentum loss.
RSI: 49.03 → Neutral zone; buyers may step in if price reclaims $0.0111 convincingly.
🧠 Trade Strategy Thinking:
🔹 If you are Bullish:🔥🔥
Entry: $0.01085–$0.01090 range
Target 1: $0.01112 (EMA-20)
Target 2: $0.01152 (EMA-50)
SL: Below $0.01050
🔸 If you are Bearish:❌❌
Short near resistance at $0.01120–$0.01150
Target 1: $0.01060
Target 2: $0.01020
SL: $0.01165 above 50 EMA
📌 Global Sentiment
Volume: 2.41B
$PENGU traded in 24H shows strong speculative interest.
Funding Rate (as per Coinglass) is slightly positive → more long positions, potential for liquidation pressure.
Meme tokens like
$PENGU remain high-risk and sentiment-driven, so expect volatile moves.
📚 Pro Tip: In meme coins, RSI + MACD divergence at key zones often leads to bounce plays. But trend reversals need volume confirmation above EMA zones.
📛 This is not financial advice. Always DYOR before investing or trading in any asset.
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