🚨 Quick analysis $PENGU/$USDC 🚨

The chart shows a strong upward movement!

Current price: $0.031368

24h growth: +2.23% (in CZK: 0.647)

RSI(6): 72.45 - Warning, we are in the overbought zone! A short-term correction may come.

MACD: Crossover is confirmed, rising and signaling positive momentum.

MA(7) vs. MA(25): 7-day MA is above 25-day MA, which is a bullish signal.

My view: Momentum is positive, but RSI is high. Be cautious when entering Long at this moment, or use a very tight stop loss.

What do you think, are we going for $0.032, or is a small retracement ahead? 📉📈#pengu