#PENGUUSDT

According to the image, the price of the PENGU/USDT pair has increased significantly (+33.02%), and is currently at a price of 0.008766 USDT.

Technical indicators such as RSI (86.88), Williams %R (-19.27), and Stochastic RSI (94.11) all indicate that the market is very overbought.

What does this mean:

An RSI above 70 indicates overbought conditions, here it is at 86, so a price correction may occur soon.

Williams %R is also close to -20, which indicates overbought conditions as well.

Stochastic RSI is also very high.

MACD also appears to have given a positive cross, and the histograms have turned green, confirming a positive trend.

In summary:

In the short term, the market is very overbought, but the trend is still positive. It would be wise to be cautious if you are trading fresh.

If you want, I can also create a simple plan for you for the next steps?

But first, do you want to hold a long-term position or trade short-term?