Analysis of Currency $PENGU
✅ Current Technical Situation
• Current Price: 0.031279
• Recent High: 0.035120
• Moving Support MA7 (Yellow): 0.030963 (Very close to the price, indicating a temporary consolidation)
• MA25 (Pink): 0.026755 → Strong support in case of a correction
• MA99 (Purple): 0.015246 → Long-term support
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📊 Technical Reading:
1. Overall Trend: Clearly bullish from 0.013 to 0.035 (approximately +170%)
2. Recent Correction: The price corrected from 0.035 to 0.030 and seems to have stabilized above MA7, indicating the possibility of a new rise.
3. A support base is forming at 0.030-0.031, which is very important to maintain momentum.
First Target 0.0335
Second 0.035