๐ก Quick technical analysis:
โ Rocket jump! The PENGU coin saw an increase of +24.83% to reach $0.013924, after a strong rebound from the support area at $0.010275, indicating very strong buying momentum.
โ RSI in the overbought zone! The Relative Strength Index RSI(6) is at 80.21, indicating that the price may be in an overbought territory, and we may see a correction soon โ but this is also a sign of market enthusiasm.
โ Positive MACD! A bullish crossover between the DIF and DEA lines with a positive MACD, which enhances the likelihood of continued upward momentum.
โ Very high trading volumes! The trading volume reached 7.22B PENGU in the last 24 hours, reflecting a significant influx of liquidity and increasing interest from speculators.
๐ Expected scenario:
If the price can surpass the current resistance at $0.014461, we may see an upward extension towards $0.016 - $0.018 in the near term. However, in case of a correction, the $0.0121 - $0.0125 area may form strong support for a rebound again.
๐ฅ Is PENGU ready for the next explosion?!
With this rapid pace and significant market interest, PENGU may be on the verge of a huge new wave โ but caution is required with the high RSI.
Quick tips:
Don't invest all your capital - diversify your risks!
Don't forget to set a stop-loss to protect your investment.
๐ข What do you think? Do you see PENGU doubling its price soon? Share your predictions! ๐