Technical Analysis & Trade Signal for $PENGU

/USDT

Current Price: $0.032939

Trend: Bullish short-term momentum with +8.69% gain in the last 24 hours.

Technical Indicators:

Support Level: $0.028155

Resistance Level: $0.039500

RSI (Relative Strength Index): Indicates moderate bullish momentum; around 60–70.

MACD (Moving Average Convergence Divergence): Confirming positive trend with increasing histogram.

Trade Signal:

Entry: Consider entering a long position around $0.032939.

Stop Loss: $0.030000 (to limit risk if price dips below key support).

Target Levels (🎯):

1. Target 1: $0.035000 - Resistance zone, possible retracement.

2. Target 2: $0.037500 - Next key resistance and profit-taking level.

3. Target 3: $0.039500 - Testing the previous high.

Momentum:

The price is currently above the 50-period moving average (short-term trend bullish).

The trend shows signs of strong upward movement, supported by trading volume. The momentum remains positive.

Consider monitoring volume and RSI for potential overbought conditions as price nears resistance.

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