🎯$PENGU /USDT Showing Strength: Key Levels for Traders 🐧
PENGU/USDT is trading at $0.016529, up 4.19% with building momentum. The RSI at 52.19 suggests room for further upside while remaining in neutral territory.
Key Resistance Levels:
- Immediate: $0.016576 (recent swing high)
- Strong: $0.016928 (near-term ceiling)
- Major: $0.017200 (psychological barrier)
Critical Support Zones:
- First: $0.016224 (intraday base)
- Next: $0.015872 (stronger floor)
Trading Considerations:
1. Current price $0.016529 could serve as entry for bullish traders
2. Confirmation above $0.016576 may signal continuation toward $0.016928
3. Stop-loss below $0.016224 protects against downside
4. Watch volume - current levels remain below 5-day average
The MA(5) below MA(10) shows some short-term weakness, but improving RSI suggests potential reversal. PENGU needs to hold above $0.016224 to maintain bullish structure.