BlockchainBaller
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Bearish
$PENGU /USDT: A Plunge or a Bounce? What’s Next for $PENGU ? $PENGU /USDT is currently trading at $0.017605, with a sharp decline of 20.41%. The market is at a tipping point, with both bullish and bearish scenarios unfolding. Here's what to watch:
Bullish Scenario:
If PENGU holds above the $0.01685 support and reclaims momentum:
Target 1: $0.01890
Target 2: $0.02050
Target 3: $0.02230
A breakout above $0.02090 will confirm bullish dominance.
Bearish Scenario:
If PENGU breaks below the $0.01685 support:
Target 1: $0.01550
Target 2: $0.01400
Further downside could lead to increased selling pressure, with support levels weakening.
RSI Insight: The current RSI at 24 indicates oversold conditions, hinting at a potential bounce. However, bears still hold control.
#PenguPump
Bullish Scenario:
If PENGU holds above the $0.01685 support and reclaims momentum:
Target 1: $0.01890
Target 2: $0.02050
Target 3: $0.02230
A breakout above $0.02090 will confirm bullish dominance.
Bearish Scenario:
If PENGU breaks below the $0.01685 support:
Target 1: $0.01550
Target 2: $0.01400
Further downside could lead to increased selling pressure, with support levels weakening.
RSI Insight: The current RSI at 24 indicates oversold conditions, hinting at a potential bounce. However, bears still hold control.
#PenguPump
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