Technical Analysis Update: $PENGU /USDT 🚀
Current Price: $0.030395 (+0.90%)
Last 24H Change: +12.39%
Analysis Overview:
The $PENGU /USDT pair is showcasing strong upward momentum, recovering from recent lows with a consistent bounce. Traders should monitor the following key levels for potential price action in the short to long term.
Targets:
1. Immediate Resistance: $0.0320
A breakout above this level can confirm continued bullish momentum. Watch for volume spikes near this resistance.
2. Mid-Term Target: $0.0345
If $0.0320 is breached, the price could target this level, marking a critical resistance zone supported by previous highs.
3. Long-Term Target: $0.0380
Sustained bullish activity could push the price toward $0.0380, aligning with broader market sentiment and trend continuation.
Recommendation:
Short-term Traders: Book partial profits near $0.0320 and adjust stop-losses to $0.0290 to protect gains.
Long-term Investors: Hold with a close watch on support at $0.0270 for accumulation opportunities.