Analysis of PENGU/USDT and its recent sharp drop

The PENGU/USDT pair on Binance has seen a significant crash, falling 20.17% over the past 24 hours and currently standing at $0.11158. This move occurs amid high volume, with over 630 million PENGU tokens traded, equivalent to a total volume of 83.22 million USDT.

In technical terms, the daily candle reflects high volatility, with an intraday high of $0.17600 and a low of $0.10677. The RSI(6) remains at 66.69, close to the overbought zone, while the MACD shows positive divergence, but at risk of invalidation if sellers remain in control.

PENGU plummets 20% after its meteoric rally! Temporary correction or the start of a new trend?

In the past few hours, the PENGU cryptocurrency has taken the market by surprise by suffering a sharp drop of 20.17%, taking it to $0.11158 after having reached a high of $0.17600. This move makes PENGU the most volatile cryptocurrency on Binance.

With over 630 million PENGU traded, the market is divided: is this drop a buying opportunity or the start of a downtrend? Technical indicators and volume suggest that traders should keep an eye on the next key moves.

Join the discussion on Binance Square and share your opinion! This could be your chance to capitalize on the hottest market right now.

PENGU is at the center of the market action! Stay tuned on Binance and don't let this opportunity slip away. Are you ready for the next big move?