$PENGU

🐧 PENGU/USDT Price Analysis – Dec 17, 2024 🐧

Current Price: 0.029199 USDT

PENGU is trading at 0.029199 USDT, hovering near key support and resistance zones that could shape the next price action. Here’s what you need to know:

Support and Resistance Levels

Support Zone: The immediate support stands at 0.0285 USDT, with a potential drop towards 0.0270 USDT if this level is breached.

Resistance Zone: On the upside, 0.0305 USDT is the critical resistance level. A breakout above this could lead to further gains, targeting 0.0320 USDT and potentially 0.0340 USDT.

Entry Strategy

Bullish Entry: Look for a break above 0.0305 USDT, confirming upward momentum. If PENGU manages to sustain above this level, expect the price to test 0.0320 USDT.

Bearish Entry: A dip below 0.0285 USDT could signal weakness, with 0.0270 USDT as the next support target.

With the market showing a neutral RSI at 50 and mild bullish MACD signals, PENGU could be in for a breakout or a pullback. Stay alert and trade smart! 🚀

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