Hypothetical Analysis: Possible Movement of PENGU/USDT in the Next Hours or Days
Following the recent 20.17% drop, PENGU/USDT is in a critical situation that could define its short-term trend. High volatility and traded volumes suggest that the market still has significant movements ahead. Below are two possible scenarios for the next few hours or days:
Scenario 1: Bullish Bounce Towards Key Resistances
If PENGU manages to defend the current support around $0.10677, it could experience a technical rally driven by the accumulation of buyers who see this drop as an opportunity. The volume over the past 24 hours indicates significant interest, which could lead the price to test the resistance at $0.14000 and, if momentum holds, the recent high of $0.17600.
Indicators in favor:
Bullish volume: If the volume increases, it will validate a possible bounce.
Positive MACD: A bullish crossover signal could confirm a change of direction.
Healthy RSI: If the RSI remains stable and away from oversold, it will support a bullish move.
Strategy in this scenario:
An entry around the current support with a tight stop-loss could be a good opportunity to capture the bounce. Set targets at $0.14000 and $0.17600.
Scenario 2: Support Break and Further Fall
In case the support at $0.10677 is broken, PENGU could quickly head towards the next significant support at $0.08500, where a previous consolidation area is located. This scenario would be more likely if the volumes decrease or if the overall cryptocurrency market sentiment remains negative.
Indicators in favor of this scenario:
RSI towards oversold: Additional selling pressure could push the RSI to lower levels.
Decreasing volume: If the volume does not support a rebound, the price will tend to fall.
Bearish MACD: If it shows a downward continuation, it will increase the probability of breaking the support.