$PENGU Current price: approximately $0.03510 USD, with a slight intraday increase (~0.015 %).

The token has begun a rebound from the support area of $0.0315 USD, showing signs of recovery.

🪄 Key technical indicators

📊 Moving Averages (EMA/SMA)

The price is trading above the 20, 50, 100, and 200-day moving averages, suggesting a bullish bias in the medium term.

The close grouping of these EMAs creates a critical point: if the price manages to surpass them strongly, it could accelerate, but it could also be rejected with volatility.

RSI (Relative Strength Index)

The daily RSI is around 86, indicating overbought conditions that could lead to a short-term correction (retrace towards RSI zone ~60).

⚠ TD Sequential “Buy 9” signal

A “Buy 9” signal was activated on the 4h chart, often associated with the end of a downtrend and potential start of a structural rebound 🟩.

🔄 Technical pattern: Falling Wedge

Recently broke a descending channel (falling wedge) with bullish divergence in RSI. If it manages to turn resistance into support, the target could be set at $0.048 or more.

📊 Other technical platforms (TradingView, Investing.com)

Show mixed signals:

In short timeframes: “strong sell” or “sell” signals prevail.

In daily or weekly: “neutral” to “strong buy”.