1️⃣ Current Price $PENGU

Price: $0.030293 USDT

Change: +1.81% from the opening price

24h Range: $0.029155 – $0.033698 USDT

2️⃣ Trend

On the 3-day timeframe, the trend is strongly bullish.

Price has broken out of a long consolidation range with a surge in volume.

The price is well above the short-term moving averages:

MA(7): 0.022912

MA(25): 0.014704

→ This shows strong short-term bullish momentum.

3️⃣ Volume

24h Volume (PENGU): 25.85B PENGU

Volume has spiked significantly compared to the previous period (big green volume bars).

This confirms strong buying pressure.

4️⃣ RSI (Relative Strength Index)

RSI(14): ~79.34 → In the overbought zone.

An RSI above 70 often signals that a pullback or profit-taking might occur.

But in strong trends, RSI can stay overbought for some time.

5️⃣ Key Technical Signals

✅ Bullish Signals:

MA(7) has crossed above MA(25).

Price is far above all key MAs → confirms breakout.

Strong volume supports the move.

⚠️ Caution Signals:

RSI is very high → the price might see a short-term correction.

The price is near a short-term resistance zone around 0.033 ~ 0.034.

6️⃣ Summary & Possible Strategy

Main Trend: Strong uptrend with more upside potential, but likely to face short-term pullbacks.

Short-term Play: If you bought early, consider trailing your stop-loss to secure profits. You can partially take profit near the 0.033 ~ 0.034 resistance zone.

Long-term Play: If you believe in PENGU’s fundamentals, you may hold some, but scale out if momentum slows.

Key Support: If there’s a pullback, watch for support near 0.0205 ~ 0.022.

📌 Note: This is a technical view only — not financial advice. Always manage your risk carefully.