📊 Detailed $PENGU /USD 1D Chart Analysis 🚀
The $PENGU /USD pair is currently priced at $0.011941 on this Binance 1D chart, up 13.68% (+$0.001438) over the past day. The price has risen from a 24h low of $0.010170 to a high of $0.012796, reflecting solid bullish momentum. Trading volume is notably high, with 4.63B PENGU tokens traded, amounting to 54.21M USD in the last 24 hours. 📅
The candlestick pattern shows a strong uptrend since mid-April, with the price climbing from around $0.006 to test resistance near $0.012-$0.013. After a period of consolidation in early May between $0.008 and $0.010, PENGU broke out with a series of green candles, including today’s 0.78% intraday gain ($0.000092). This suggests sustained buying interest, possibly driven by NFT-related hype or market sentiment. Support levels might be found around $0.011-$0.0115, with stronger support near $0.010 if the price pulls back, based on recent consolidation zones. 📈
The Volume SMA indicates a significant spike during the late April breakout, with volume remaining elevated through early May. Today’s volume, while lower than the peak, still reflects strong activity, supporting the upward move. However, the price nearing $0.012-$0.013 could face resistance, potentially leading to a consolidation or correction if momentum slows, especially given the high trading volume. 📉