#PENGU

Technical Analysis

Current Price: Approximately $0.0315, slightly down by -0.055% from the previous close.

Daily trading range: Between $0.03097 (minimum) and **$0.03338** (maximum).

Drop of about -4% to -5% over the past 24 hours.

Overall technical rating: "Strong Sell".

Most indicators such as RSI, MACD, ADX, Williams %R, CCI, ROC indicate strong sell signals.

All moving averages (MA5 to MA200) also show sell signals.

There are conditions indicating a potential reversal to an upward trend:

CCN indicates the formation of a Falling Wedge pattern on the four-hour (4H) timeframe, which is a technical pattern that often precedes a bullish breakout.

The MFI (Money Flow Index) has exceeded the level of 50, indicating increased buying pressure.

Key support level: Between $0.025 – $0.0302, supported by Fibonacci and historical levels AInvestCCN.com.

Upcoming resistance at $0.034 – $0.036, with a potential target up to $0.040 in case of a breakout CCN.com