$PENGU PENGU Analysis

Current Situation

The analysis suggests being cautious with $PENGU due to potential bearish retest of the main uptrend. Key points include:

- *Neutral Prices (H4)*: Prices are neutral on the 4-hour chart.

- *Overbought on Daily*: The daily chart indicates overbought conditions.

- *Potential Correction*: A correction to retest the $0.0100 level is possible.

Key Levels

- *Support*: $0.0100 and $0.009200 (weekly view)

- *Resistance*: Breakout below $0.01100 could lead to a significant sell-off.

Technical Indicators

- *RSI Decline (H4)*: The RSI is declining on the 4-hour chart, suggesting decreasing buying pressure and a potential local top.