koinmilyoner
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Bullish
Do Insiders Have Any Idea Why the Pudgy Penguin Has Climbed 10% Amid Market Chaos?
The market is paying attention to Pudgy Penguins (PENGU/USDT), which has risen 8.50% in the last 24 hours to $0.03362. With a market valuation of $2.1 billion and a high trade volume of $907.47 million, $PENGU presently ranks #57 in the crypto industry.
The formation of a symmetrical triangle pattern on the 4-hour chart, which is an indication of possible price consolidation before a big move, occurs at the same time as this rise.
At $0.03832, you'll find immediate opposition; at $0.04330 and $0.04570, you'll find more obstacles. We can see that $0.03281, $0.02981, and $0.02642 provide support on the downside.
As PENGU consolidates and gets ready for its next big move, this setup gives traders important levels to monitor.
At $0.03324, just below the current price, the 50-day Exponential Moving Average (EMA) suggests a minor uptrend in sentiment for the near future.
Be that as it may, the consolidation stage is highlighted by the symmetrical triangle pattern.
Breaking over $0.03832 would indicate a bullish rise, but if $0.03281 is not held, negative pressure might be on the horizon.
In order to confirm a breakthrough or collapse, traders are keeping a careful eye on trading volume.
What's the Future of Squishy Penguins?
A symmetrical triangle indicates market uncertainty and, on the 2-hour chart of Pudgy Penguins, big price fluctuations are likely to follow.
In order to confirm the next move's direction, traders are waiting for a volume increase. Prices might go between $0.04330 and $0.04570 if they break out above $0.03832.
If support at $0.03281 is broken, #pengu may go as low as $0.02981.
Major Takeaways:
Levels of Resistance: $0.03832 serves as an immediate barrier, with further hurdles at $0.04330 and $0.04570.
Zones of Critical Support: $0.03281, $0.02981, and $0.02642 follow.
Technical Momentum: With an RSI of 51.11, we can see that sentiment is neutral. However, we can also see that trading above the 50 EMA at $0.03324 suggests a little uptrend.
The market is paying attention to Pudgy Penguins (PENGU/USDT), which has risen 8.50% in the last 24 hours to $0.03362. With a market valuation of $2.1 billion and a high trade volume of $907.47 million, $PENGU presently ranks #57 in the crypto industry.
The formation of a symmetrical triangle pattern on the 4-hour chart, which is an indication of possible price consolidation before a big move, occurs at the same time as this rise.
At $0.03832, you'll find immediate opposition; at $0.04330 and $0.04570, you'll find more obstacles. We can see that $0.03281, $0.02981, and $0.02642 provide support on the downside.
As PENGU consolidates and gets ready for its next big move, this setup gives traders important levels to monitor.
At $0.03324, just below the current price, the 50-day Exponential Moving Average (EMA) suggests a minor uptrend in sentiment for the near future.
Be that as it may, the consolidation stage is highlighted by the symmetrical triangle pattern.
Breaking over $0.03832 would indicate a bullish rise, but if $0.03281 is not held, negative pressure might be on the horizon.
In order to confirm a breakthrough or collapse, traders are keeping a careful eye on trading volume.
What's the Future of Squishy Penguins?
A symmetrical triangle indicates market uncertainty and, on the 2-hour chart of Pudgy Penguins, big price fluctuations are likely to follow.
In order to confirm the next move's direction, traders are waiting for a volume increase. Prices might go between $0.04330 and $0.04570 if they break out above $0.03832.
If support at $0.03281 is broken, #pengu may go as low as $0.02981.
Major Takeaways:
Levels of Resistance: $0.03832 serves as an immediate barrier, with further hurdles at $0.04330 and $0.04570.
Zones of Critical Support: $0.03281, $0.02981, and $0.02642 follow.
Technical Momentum: With an RSI of 51.11, we can see that sentiment is neutral. However, we can also see that trading above the 50 EMA at $0.03324 suggests a little uptrend.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.