A bullish undertone in the surges in PENGU Open Interest?
Price correction reaches a critical demand area CoinGlass reports that since late April, open interest in PENGU has increased rapidly.
An increasing amount of speculation and investor interest in the asset is indicated by the significant increase.
Strong purchasing pressure combined with an increase may indicate a new trend or an impending reversal.
Traders should be aware that a more aggressive price move typically accompanies increased open interest and whale accumulation.
The convergence of these could serve as PENGU's cue that the present correction is finished.