$PENGU

/USDT Technical Analysis & Trade Signal🔥💯

Momentum: Bullish (+13.60% in the last 24h)

Support Level: $0.035306 (24h low)

Resistance Levels: $0.040121 (current price), $0.042500

Indicators:

RSI: Above 70 (Overbought Zone – strong upward momentum, but caution advised for correction).

Moving Averages (4h): Price above 50-MA and 200-MA indicates bullish confirmation.

Volume: High volume suggests strong market interest and validity of the price movement.

Trade Signal: Buy (Short-term trade with caution of retracement)

🎯 Target Levels

1. Target 1: $0.042500 (Immediate resistance)

2. Target 2: $0.045000 (Next resistance zone)

3. Target 3: $0.048500 (Extended bullish trend target)

Stop-Loss: $0.035000 (to minimize downside risk if support fails)

Trade Momentum:

Short Term: Positive with strong upward momentum.

Medium Term: Likely bullish continuation if it breaks and holds above $0.042500.

Long Term: Monitor for potential overbought corrections.

Recommendation: Monitor volume closely. Strong break above $0.042500 could trigger a larger upward move.

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