$PENGU Technical Overview:
Current Price: $0.011353
24h Range: $0.010352 - $0.012300
Recent Low: $0.009738 (May 4)
Trend: Price seems to be recovering from a recent dip and forming a short-term higher low structure.
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Key Levels:
Resistance:
$0.01160 (short-term resistance)
$0.01230 (24h high / major resistance)
Support:
$0.01093 (previous bounce zone)
$0.00973 (key swing low, strong support)
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Volume:
30-day volume is up +164.70%, suggesting strong renewed interest.
Volume spikes often precede large price moves — be cautious of volatility.
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Indicators (from chart info):
MA(5) < MA(10) < MA(30): Still slightly bearish alignment but converging — a crossover may suggest upward momentum.
Stoch RSI / MACD not visible, but based on price behavior, momentum is currently neutral to mildly bullish.
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Trade Setups:
1. Breakout Trade
Entry: Above $0.01160 with volume
Target: $0.01230+
Stop Loss: $0.01093
2. Support Bounce
Entry: Near $0.01093 (buy the dip)
Target: $0.01160
Stop Loss: $0.01025 or tighter depending on risk appetite
3. Range Play
Buy: $0.0109 – $0.0110 zone
Sell: $0.0116 – $0.0120 zone
Note: This works well in sideways markets — adjust if a trend breakout happens.
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Sentiment (Order Book Insight):
Slightly Bearish Bias: 55.33% of orders are on the ask side.
However, tight spreads indicate active interest; a breakout or dump could happen quickly.
