s a Significant Shift Imminent? PENGU Indicators Show Positive Signs

PENGU, Pudgy Penguins' native token, is demonstrating several signs of a potential shift in direction, with the TD Sequential indicator signalling a buy signal and the Relative Strength Index (RSI) displaying a bullish divergence as it rises while the price lowers. The token is trading near the lower edge of a descending channel and remains above an unbroken setup trendline, which previously acted as a support level.

Despite a recent 4% decline over the last 24 hours and a 15% weekly decline, PENGU's network activity remains strong with over 563,000 holders and 20,000 active daily addresses. Market watchers are keeping an eye on global events that might affect short-term price movements, including the White House crypto report and decisions on interest rates from the Federal Reserve and Bank of Canada.