#اخبار_الكريبتو_العاجلة #اخبارك_وتحليل #اقتصاد_رقمي #wct $SOL
The price of the 'full-bodied penguin' cryptocurrency shows strong upward momentum.
On the daily technical chart.
The price of the 'full-bodied penguin' rose by approximately 15% in the last 24 hours, indicating an upward trend.
The PENGU coin has shown tremendous strength and a significant recovery, catching the attention of cryptocurrency traders and investors. The coin increased by 15% in the last 24 hours, according to CoinMarketCap data, and trading volume surged by a remarkable 171%, indicating renewed interest and increased confidence among investors in the market.
The technical picture shows an interesting upward trend. PENGU recently surpassed a very important resistance level at $0.03080, which was a strong barrier in the past. This breakout was accompanied by strong momentum, leading the price to currently test higher levels at $0.03494. The ability of the currency to maintain this upward trend is evidence that buyer confidence has not waned despite the volatile times it has recently experienced.
The trend reversal appears promising, as evidenced by the moving average structure. Although PENGU is currently trading above the 50-day exponential moving average at $0.03080, and the 200-day exponential moving average at $0.0171, the large gap above this long-term average indicates that the token may have paved the way for further upward movement. The downward trend line, which has capped the highs, seems to be losing its grip, and price movements suggest it is breaking this downward constraint.
What’s next for PENGU's price?
Technical indicators are also pointing towards further upward movement. The MACD indicator shows good signs, momentum is improving, while the Relative Strength Index (RSI) is at 58.21 in a good range, above the neutral level of 50 and much lower than the overbought level, so there is still room for upward movement. This RSI value indicates that the current rise is still on track, and not at imminent risk of momentum retracement.
The market is witnessing a noticeable improvement in its sentiment, as social sentiment indicators show a shift from negativity to neutrality. This change in sentiment, along with the significant increase in trading volume, suggests that PENGU stock is attracting broader interest in the market and may draw in new investors who may have stayed away from it previously.
In the near future, the next logical target is at $0.045, which is a key psychological level. Provided that PENGU maintains its current growth pace and receives strong support from trading volume, this target will be reached in the near future and will represent a significant upward opportunity from current levels.