PENGU/USDT ā Short-Term Analysis (1H Chart)
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š¹ Current Price: $0.044369
š¹ 24h Change: +20.08%
š¹ Volume Surge: 9.21B PENGU ā very high activity
š¹ RSI(6): 75.45 ā Overbought zone
š¹ MACD: Bullish crossover in progress (DIF > DEA)
š Technical Breakdown:
Trend: Bullish momentum is currently dominant.
Price Action: Strong breakout from $0.0414 support, reaching a high of $0.0466 before slight consolidation.
Moving Averages:
MA(7) > MA(25) > MA(99) ā confirms upward momentum.
Volume: Rising sharply, confirming strength behind the move.
RSI > 70: Indicates overbought ā could face short-term pullback or consolidation.
ā Conclusion: Bullish (Short-term)
Momentum favors bulls with strong volume and moving average alignment. However, RSI near 75 suggests caution ā possible small correction or sideways movement before next leg up.
Watch Levels:
Support: $0.0414
Resistance: $0.0466 (breakout level)
Key to sustain uptrend: Hold above $0.0430