#CryptoTrading. #Signalš„.
šTechnical Analysis (1 hour) $PENGU /USDT
1. Price and Trend:
ā¢ Current Price: 0.032873 USDT (+16.96%).
ā¢ The price is showing growth, breaking through the resistance at 0.027200. The trend seems to be upward, which is confirmed by the movement above the moving average (MA).
2. Moving Averages (MA):
ā¢ MA(5): 2.013791574.799999 ā the short-term average is moving upwards, which supports the bullish sentiment.
ā¢ MA(10): 2.579905095.000000 ā also shows an upward movement, confirming the trend.
3. Bollinger Bands (BOLL):
ā¢ The price is approaching the upper limit (UP: 0.034374), which may indicate a possible overbought or future correction.
4. Volume:
ā¢ Trading volume (180,719,176,000,000) has increased, which supports the upward movement. Increasing volume often accompanies strong trends.
5. MACD:
ā¢ DIF: 0.0001064, DEA: 0.0000928, MACD: 0.0000136 ā MACD is positive and increasing, which is a signal for the continuation of the bullish trend.
6. Stochastic RSI (STOCHRSI):
ā¢ STOCHRSI: 52.608757, MASTOCHRSI: 54.192326 ā indicators are in the neutral zone, which does not indicate overbought or oversold.
7. Open Interest (OI):
ā¢ OI: 3.37B (up to 11.11M) ā The increase in open interest supports the upward movement, indicating investor interest.
ā ļøConclusion: Current technical analysis indicates a bullish trend for $PENGU /USDT. The price broke a key resistance level, volumes and MACD confirm the strength of the movement. However, approaching the upper Bollinger Band may signal a possible correction. It is recommended to watch the level of 0.034374 (upper limit) for a potential reversal signal.