#CryptoTrading. #Signal🚥.

📊Technical Analysis (1 hour) $PENGU /USDT

1. Price and Trend: The current price is 0.033245 USD with an increase of 13.56%. The chart shows an uptrend, especially on the last candles, which is working on positive momentum.

2. Moving Averages (MAs):

• MA(5): 0.172784 (short-term trend) shows an increase.

• MA(10): 0.879616 (medium-term trend) also supports the upward movement.

• The price is above these MAs, which is a bullish signal.

3. Bollinger Bands (20, 2): The price is approaching the upper limit (0.032681), which may indicate overbought conditions. The middle line (MB: 0.031384) serves as support.

4. MACD: DIF (0.000389) and DEA (0.000263) show a positive momentum, while MACD (0.000126) confirms the uptrend. The signal of a possible correction is weak, but it is worth watching.

5. Stochastic RSI: STOCHRSI (79.965814) and MASTOCHRSI (69.414149) are approaching the overbought zone (>80), which may signal a possible pullback.

6. Volume: The increase in volume (2.19B) accompanies the upward movement, which reinforces the strength of the trend.

⚠️Conclusion: The current trend is bullish, but high RSI indicators and the approach to the upper Bollinger band may indicate a risk of correction. It is recommended to monitor the support at 0.028749 (lower Bollinger band) and cautiously consider short positions when overbought.