$PENGU /USDT 1H Chart Analysis
Current Price: $0.02903 (+32.73%)
24H High: $0.03088
24H Low: $0.02154
Volume: 37.41B PENGU
Technical View:
The price surged from $0.0215 to $0.03088, showing strong bullish momentum.
MA(7) and MA(25) are trending upwards, confirming the uptrend.
RSI: 77 — indicating an overbought condition, but momentum is still intact.
Volume is significantly higher, supporting the recent price increase.
Trade Setup:
Buy Zone: $0.02850 - $0.02900
Stop Loss: $0.02700
Target 1: $0.03088 (recent high)
Target 2: $0.03250
Target 3: $0.03500
Quick Insight:
The trend is bullish, but price is overbought. If price sustains above $0.0285, another push higher is possible. A break below $0.027 would signal weakness.
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