🧊 $PENGU /USDT – Slipping or Setting Up? 🐧
NFT favorite $PENGU is taking a hit today, down 7.07% to $0.014607. After peaking at $0.016206, it’s pulling back sharply—are bulls losing grip or is this just a cool-off before the next move? 👀
📊 Quick Stats:
📍 Current Price: $0.014607
📈 24h High: $0.016206
📉 24h Low: $0.014313
📊 Volume: 2.10B PENGU / $31.98M USDT
📉 Technical Indicators:
MA(7): 0.014909 (price now below short-term average)
MA(25): 0.015417
MA(99): 0.015916
MACD: Bearish cross confirmed
RSI: Trending downward – currently in weak momentum zone
Volume: Spike in sell volume — bears in temporary control
📈 PENGU Trade Setups
🔹 Bearish Continuation
Entry: Below $0.01430
Targets: $0.01320, $0.01200, $0.01130
Stop-Loss: $0.01520
🔹 Bullish Reversal (Oversold Bounce)
Entry: Above $0.01520
Targets: $0.01620, $0.01740
Stop-Loss: $0.01400
🧠 Insights:
🔻 Currently trading under all key MAs—short-term structure is weakening
📉 MACD + RSI suggest downside pressure not done yet
⚠️ Look for bounce signals near 0.0132 or breakdown confirmation below that zone
🔥 Will PENGU Chill or Climb Again?
Let’s hear your play: bounce or breakdown?
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