Technical Analysis of $PENGU

/USDT:

Current Price: $0.03138

Trend: Bullish (+21.09% in the last 24 hours)

Key Support Levels:

Immediate Support: $0.025631

Primary Support: $0.027988

Key Resistance Levels:

Immediate Resistance: $0.031906

Primary Resistance: $0.032193

Indicators:

RSI: Neutral/Bullish (suggesting potential for further upside but needs monitoring for overbought signals).

MACD: Bullish crossover recently, indicating upward momentum.

Moving Averages: Currently above short-term moving averages (SMA 50, SMA 200), confirming a bullish trend.

Trade Signal:

Buy Signal: Enter positions at current price or near $0.027988 for better entry point.

Targets:

1. First Target (TP1): $0.03200

2. Second Target (TP2): $0.03300

3. Third Target (TP3): $0.03450

Stop Loss: $0.02550 (below primary support)

Momentum: Bullish momentum is intact, suggesting a continuation of the uptrend, but traders should monitor any retracement to adjust entries.

Summary:

The PENGU/USDT pair shows strong bullish momentum, with upside potential towards $0.033–$0.034. However, maintaining strict stop losses below support levels will help manage risk.

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