📊 Detailed $PENGU /USD 1D Chart Analysis 📉
The $PENGU /USD pair is currently priced at $0.011825 on this Binance 1D chart, up 13.35% (+$0.001394) over the past day. However, it shows a slight intraday drop of 0.20% (-$0.000024). The price has fluctuated between a 24h low of $0.010170 and a high of $0.012796, indicating volatility. Trading volume remains high, with 4.66B PENGU tokens traded, amounting to 54.60M USD in the last 24 hours. 📅
The candlestick pattern reveals a strong uptrend since mid-April, with the price rising from around $0.006 to test resistance near $0.012-$0.013. After a consolidation phase in early May between $0.008 and $0.010, PENGU broke out with a series of green candles, peaking near $0.012796. Today’s small red candle suggests a minor pullback after hitting resistance, indicating possible profit-taking or a pause. Support levels might be found around $0.0115-$0.0117, with stronger support near $0.010 if the decline continues, based on recent consolidation zones. 📈
The Volume SMA shows a significant spike during the late April breakout, with volume staying elevated through early May. Today’s volume remains robust, supporting the overall uptrend but also hinting at potential distribution at these higher levels. The price nearing $0.012-$0.013 could face resistance, and the slight dip might signal a consolidation phase or an early sign of a deeper correction if selling pressure increases. 📉