0.011325 USDT (+8.71%)
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📌 Entry area:
🔹 0.01080 - 0.01130
🎯 Targets:
✅ First target: 0.01200
✅ Second target: 0.01280
✅ Third target: 0.01400
🛑 Stop loss:
🔻 0.00980
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📊 Technical analysis:
🔸 RSI (6) = 48.98 – in a balanced range, allowing for more upward movement without strong selling pressure.
🔸 MACD = -0.000002 – very close to a positive crossover, with weakness in the current selling momentum.
🔸 The price rebounded from the bottom at 0.00370 and surged strongly to 0.01419, and now it is consolidating in a sideways range with good support around 0.01120.
🔸 Trading volume is active (5.1B PENGU in the last 24 hours), confirming significant interest from traders, especially after the whale deposited 400 million coins.
🔸 Clear positive crossover in the Stochastic indicator (K > D), supporting the likelihood of a new upward movement soon.
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📢 Risk management:
✔️ Take partial profits at each target.
✔️ Keep the stop loss below the strong support area at 0.00980.
✔️ Continuing the price above 0.01100 supports the bullish momentum, while breaking below it could lead to a deeper correction.
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My opinion:
The PENGU coin has shown remarkable strength after whale intervention and a strong rebound from the bottom. Despite some volatility, momentum indicators support a potential bullish scenario if support is maintained. A breakout at 0.01280 could open the door to 0.01400 and possibly higher.
Are you thinking of entering before the next wave starts? Let me know in the comments!