$PENGU /USDT Technical Update - Consolidating After a Spike

Current Price: $0.034319 (+4.69%)

Key Highlights:

24H High: $0.035828

24H Low: $0.031378

Volume: 3.40B PENGU

Technical Overview:

$PENGU/USDT has seen a notable recovery from its 24H low of $0.031378, reaching a high of $0.035828. However, the price is consolidating below the 7 EMA ($0.034785) and 25 EMA ($0.034439), indicating potential short-term profit-taking. The 99 EMA ($0.036202) remains a strong resistance level.

Support Levels: $0.033600 | $0.032800

Resistance Levels: $0.035000 | $0.036200

What’s Next?

A sustained move above $0.034800 could push the price to test $0.035800 again. However, failure to hold the $0.033600 support might lead to a retest of $0.032800.

Strategy:

Consider entries near $0.034300-$0.034500 with targets at $0.035000 and $0.035800. Use a stop-loss at $0.033200 to minimize downside risk.

Observation:

Volume activity suggests healthy interest, but momentum needs to strengthen above the EMAs for a decisive breakout.

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