Update:

📊 Technical Analysis $PENGU

Current Price: $0.03851 (+10.74%)

24H High: $0.039477

24H Low: $0.026200

24H Volume ($PENGU ): 14.42B

Key Indicators

1. RSI (Relative Strength Index)

Value: 81.42 → 🚨 Overbought

The RSI measures the speed and change of price movements on a scale from 0 to 100.

Above 70 indicates that the asset is overbought and may pull back (correction).

Below 30, it is oversold and there may be a bounce.

2. Volume

Current: 14.42B → 📈 Significant increase.

High volume confirms the uptrend. Buying strength exceeds selling strength (demand).

3. STOCH RSI (Stochastic RSI)

Value: 99.88 → 🚨 Very high (possible pullback).

This indicator oscillates between 0 and 100 to detect overbought and oversold zones more quickly.

📈 Candlestick Charts (1H)

Current Trend: Bullish.

The price shows higher lows and higher highs, confirming an ascending channel.

The green candle with strong volume indicates that buyers are in control.

🔍 Key Points:

Current Resistance: $0.03950

If the price breaks this level, we could see a jump to $0.04500.

Main Support: $0.03400

If it pulls back, this level should act as a floor.

Order Book

Demand (buyers) slightly exceeds supply (sellers):

🟢 Active buys at $0.03848 and $0.03845 → buyers are accumulating.

🔴 Nearby sales at $0.03850 to $0.03854 → slight selling pressure.

🎯 Conclusion and Strategy

The trend is bullish, but be cautious of overbought levels in RSI and STOCH RSI.

If you're trading short-term, you could take advantage of small pullbacks for entries at $0.03750 to $0.03800.

In the long term, if volume holds, PENGU has the potential to break key resistances.

Are you new? 🎓 Basic Concepts:

RSI: Tool to know if an asset is "expensive" or "cheap" momentarily.

Resistance: Level where the price tends to stop and drop.

Support: Floor where the price can bounce.