PENGU🔥 ANALYSIS UPDATE
From a technical point of view, PENGU currently shows a strong upward trend and high volatility. However, the RSI is in overbought territory (around 83), suggesting possible corrections in the short term. On the daily chart, there appears a 'shooting star' candle that could indicate a short-term reversal, so caution is advised.
Recommended trading levels:
Entry: between $0.032 and $0.034, after potential retracement for better risk management;
Take profit (TP): TP1 at $0.042, TP2 at $0.050$ (retest ATH);
Stop loss: below the key support at $0.028$ to limit losses in case of negative reversal.
For the month of August, the price forecasts for the PENGU token indicate significant growth potential compared to the current value of around $0.034 - $0.035. According to various analysis models, the expected average price for August is around $0.065$ with a range from a minimum of about $0.058$ to a maximum of around $0.071$, highlighting a certain market volatility.
Overall, an upward trend is anticipated for PENGU in the short term; however, volatility remains a factor to monitor closely, given the risk of rapid corrections.
Expected maximum price for August: around $0.071
Expected minimum price for August: around $0.058
Indicative average price: $0.065
These forecasts suggest a potential rise of about 50–60% compared to the current value, making PENGU an interesting asset for moderately risk-averse investors, with attention to stop losses and the use of high leverage given the high levels of volatility.
