💡 Quick Technical Analysis:
✅ Strong and sudden rebound!
After the price dropped to a 24-hour low of $0.009738, PENGU experienced a sharp rebound to $0.010585, indicating the entry of strong buying liquidity at the right moment.
✅ The RSI indicator is nearing overbought territory!
The RSI reached 71.2, which is close to the overbought area, indicating that the upward momentum is strong but caution should be taken due to nearby resistance.
✅ Potential positive crossover on MACD!
The MACD indicator has started to show a slight bullish crossover – this could be the start of a new upward wave if it coincides with strong trading volume!
✅ Huge trading volumes!
The trading volume during the last hour reached high levels, supporting the strength of the current movement and reflecting interest from whales and speculators.
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🚀 Expected scenario:
If the price can break the resistance at $0.010931, the path may be paved towards $0.0116 and possibly $0.0122 in the short term!
In case of a pullback, the support at $0.009738 will be the first line of defense – breaking it may push the price to test lower areas.
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📊 Supporting pattern and technical signals:
✅ A strong V-Recovery pattern has formed from the last low – a classic signal of a trend reversal.
✅ The Stochastic KDJ indicator shows a sharp positive crossover – supporting the continuation of the rise in the short term.
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💬 My personal opinion:
PENGU shows very stimulating technical behavior – the price's return from the lowest low with this momentum, along with positive signals from the MACD and RSI, reflects the potential for a new upward trend.
But with the RSI nearing overbought, we may witness a slight correction before the continuation of the rally.
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✅ Final Advice:
Use a stop loss below the previous support to reduce risks.
Monitor the price action in the short timeframe (15m and 1h) to confirm the trend.
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📢 What do you think? Do you see PENGU on the verge of a bullish explosion? Or is the rebound just a temporary trap? Share your opinion!
