$PENGU
[Technical Analysis] PENGU/USDT – April 30, 2025
Current Price: $0.010347
24h Change: -14.68% (Sharp Correction)
24h High / Low: $0.012194 / $0.010290
24h Volume: PENGU: 3.05B | USDT: 34.34M
Trend: Bearish Reversal / High Volatility
PENGU, an NFT-related token, saw a sharp decline of nearly 15%, indicating a significant sell-off after recent bullish activity. Despite the price dip, volume remains high, suggesting strong market participation and volatility.
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Key Support & Resistance Levels:
Support: $0.01020 / $0.00950
Resistance: $0.01150 / $0.01220
Technical Indicators:
RSI: Near 35 – approaching oversold territory
MACD: Strong bearish crossover – momentum clearly favoring sellers
Volume: High – could imply potential bounce if buyers step in at lower levels
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🎯 Target Zones to Watch:
1. Target 1: $0.01150 – Nearest resistance; price must reclaim this level to reverse short-term bearish sentiment.
2. Target 2: $0.01220 – 24h high; clearing this would restore bullish momentum.
3. Target 3: $0.01300 – Medium-term bullish target if recovery sustains above resistance zones.
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Conclusion:
PENGU is under heavy selling pressure but nearing potential support around $0.01020. Watch for buying interest or reversal patterns. Caution advised as volatility remains high, typical for NFT-linked assets.