🚨 PENGU/USDT Analysis
PENGU is showing heavy volatility today, trading at $0.0297 (-8.2%), with a 24h high of $0.0351 and volume crossing $6.6B. The RSI is at 24, signaling oversold conditions, while price sits below the 25 & 99 MA – a bearish sign. However, whale accumulation and ETF hype keep bullish hopes alive.
🔍 Key Levels:
Support: $0.028
Resistance: $0.032 → $0.045
📊 Fundamentals are strong with growing NFT utility and pending ETF approval. A short-term bounce is possible if it holds above $0.028. Long-term success depends on broader adoption and regulatory news.
📈 Watch closely – a move above $0.032 could trigger another rally!