$PENGU /USDT: Bearish Sentiment Dominates, Critical Levels Ahead..... $PENGU /USDT is trading at $0.015552, down 9.12% in the last 24 hours. The RSI stands at 37, nearing oversold conditions, but the MACD remains negative, signaling bearish momentum.
Key Levels to Watch:
Resistance: $0.015920 – A move above could lead to $0.016300.
Support: $0.015410 – Breaking below may open the door to $0.015200.
Trade Setup:
Upside Targets:
$0.015920 – Immediate resistance level.
$0.016300 – Bullish continuation point.
Downside Targets:
$0.015200 – Key support if $0.015410 breaks.
$0.015000 – Deeper bearish zone.
Market Insight:
PENGU faces sustained selling pressure, with weak volume suggesting a lack of buyer interest. Watch closely for a potential bounce near support or a continuation of the downward trend. Momentum traders should wait for clear confirmations before entering positions.