Current Price: $0.03247 (down 7.68%)
24h High: $0.03611
24h Low: $0.03188
๐ Technical Analysis
Price Action:
PENGU/USDT is undergoing a pullback, trading near $0.03247, with bearish momentum. Key support is established at $0.03188, while resistance looms around $0.03611.Support Levels:
Primary Support: $0.03188 (24h Low)
Secondary Support: $0.03018 (recent dip)
Resistance Levels:
Primary Resistance: $0.03611 (24h High)
Secondary Resistance: $0.03500 (recent high)
Momentum Indicators:
RSI: Approaching oversold territory, signaling a potential bullish reversal.
MACD: Suggesting the bearish trend may be losing strength.
Market Depth:
Moderate buy pressure at lower levels, recorded at 14.55%.
๐ Trade Signals
๐ก Buy Signal:
Enter long positions if the price holds above $0.03188 (key support).
Stop-Loss: Below $0.03000.
Targets:
$0.03500 (near resistance)
$0.03600 (previous high)
$0.03700 (potential breakout)
๐ก Sell Signal:
Enter short positions if the price breaks below $0.03188.
Stop-Loss: Above $0.03600.
Targets:
$0.03000 (next support)
$0.02850
$0.02700
โก Momentum Outlook
Bullish Reversal: Oversold RSI and moderate market depth suggest a rebound from current support levels is possible.
Bearish Continuation: A sustained break below $0.03188 could lead to further downside.
