$PENGU /USDT Technical Analysis

Current Price: 0.023254 (+4.84%)

24h High: 0.023380

24h Low: 0.021735

24h Volume: 1.51B $PENGU (~34.01M USDT)

Technical Overview

MA/EMA: Price is currently slightly above the EMA50, showing a bit of bullish momentum.

Bollinger Bands: The price is near the upper band, which suggests a potential continuation of the bullish move.

MACD: Positive momentum, but the MACD line is approaching the signal line, indicating that the bullish momentum may be weakening.

Support: 0.022860, 0.021735

Resistance: 0.023380, 0.024000

Trade Setup

Entry: Consider buying near support around 0.022860–0.021735 if the price pulls back.

Targets: 0.023380 (short-term), 0.024000 (medium-term)

Stop-Loss: Below 0.021735

Performance

7D: -14.00%

30D: (Data not provided)

90D: -39.89%

180D: (Data not provided)

1Y: (Data not provided)

PENGU has shown a short-term upward movement, though longer-term trends suggest some weakness. It could be an opportunity to enter on pullbacks near support levels, but manage risk carefully as volatility has been present.

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