Binance Square
Home
Notification
Profile
Trending Articles
News
Bookmarked and Liked
History
Creator Center
Settings
Lucky Akhil
--

能

每日打卡
--
1. The NFT market is booming, PENGU price surges by 20%, reaching a new high in months
Driven by the new momentum of NFT collectibles and the overall surge in the NFT market, the price of PENGU has increased by more than 20% in the last 24 hours.
Chubby Penguin

In the past 24 hours, the price of PENGU has soared over 20%, breaking through the symmetrical triangle pattern. This pattern typically appears during the consolidation phase following a strong trend. Since mid-July, this triangle pattern has been suppressing the price movement, and today's breakout has propelled the price of PENGU to a peak of $0.379.
This breakout follows an early parabolic rebound that began after the breakdown of a descending wedge pattern at the end of June, marking the end of a long-term downtrend.
This explosive rebound has pushed the price of PENGU to a multi-month high, recovering levels not seen since mid-January. Furthermore, today’s explosive breakout has surpassed the measured move target of the triangle pattern ($0.0379). However, due to the RSI being deeply in the overbought territory (above 81 on the daily chart), the risk of weakness in the short term is rising.
Looking ahead, the price of PENGU may retreat to the $0.031 to $0.032 range to reset momentum, after which it may rise again. This area marks the previous breakout zone from the symmetrical triangle and aligns with short-term support levels, making it a reasonable consolidation level as the RSI pulls back from the overbought state.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
0
0
Explore the latest crypto news
⚡️ Be a part of the latests discussions in crypto
💬 Interact with your favorite creators
👍 Enjoy content that interests you
Email / Phone number
Relevant Creator
Lucky Akhil
@Square-Creator-3514b7f2766c

Explore More From Creator

Conan India!
--
6
--
BTC
--
BTC
--
1
--

Latest News

RWA Tokenization Gains Momentum with US GENIUS Act Passage
--
21Shares Submits ONDO ETF Application to SEC
--
SEC Approves Bitwise 10 Crypto Index Fund Conversion to ETF
--
Ethereum(ETH) Drops Below 3,700 USDT with a 1.70% Decrease in 24 Hours
--
Solana Staking ETF Surpasses $100 Million in Assets Under Management
--
View More

Trending Articles

🏛️ Powell’s Speech Outcome: What It Means for Crypto Market
GoodCryptoBoy
Ripple (XRP) Is Pumping Again, but Buying Now Looks Risky: Top Analyst
CaptainAltcoin
Trump drops Elon Musk’s SpaceX from the Golden Dome project
Cryptopolitan
5 deadly mistakes beginners make in crypto that lead to huge losses
VORTIQ
🧠 Jerome Powell Just Shook the Markets Again! 🏛️💥 The Fed
UNRULLYBOSSLAY
View More
Sitemap
Cookie Preferences
Platform T&Cs
Sitemap
Platform T&Cs
Cookie Preferences