๐ PENGU/USDT Market Analysis โ Bullish Momentum Incoming?
๐ข Current Price: $0.012072 (+22.83%)
๐ 24H High: $0.012414
๐ 24H Low: $0.009726
๐ Volume (24H): 6.32B PENGU | 70.45M USDT
โฐ Chart Timeframe: 4H
๐ Last 90 Days Performance: +114%
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๐ Technical Insights:
โ Breakout Confirmed:
PENGU has decisively broken out of a consolidation range after a strong bounce from the $0.007737 support zone. Volume surged alongside price, validating the move.
๐ Moving Averages:
MA(5) is currently above MA(10), indicating a short-term bullish crossover.
Momentum is accelerating with a parabolic move forming.
๐ RSI (6): 94.53 โ Extremely Overbought
While this confirms strong bullish strength, caution is advised as short-term pullbacks are possible.
๐ก Key Levels to Watch:
Support: $0.01066 / $0.00961
Resistance: $0.01278 (next major psychological level)
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๐ฎ Outlook:
PENGU is showing strong bullish momentum, supported by volume and a technical breakout. If momentum continues, a retest of $0.01278+ is highly likely. However, RSI suggests a cooldown may come soon โ consider watching for consolidation before reentry.
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