$PENGU / USDT Technical Analysis: Key Levels and Insights!๐ก
The PENGU/USDT pair has experienced a significant decline, currently trading at $0.034820, reflecting a daily loss of -12.13%. The 4-hour chart indicates a bearish trend as the price struggles to find strong support.
Key Metrics:
24h High: $0.03974124h Low: $0.03463824h Volume:$PENGU : 3.01BUSDT: $110.87M
Performance Trends:
Today: -12.13%7 Days: ---30 Days: ---90 Days: ---
Technical Analysis:
The chart indicates a steady downtrend after testing the $0.048000 resistance.Immediate support lies at $0.034600; failure to hold this level may push the price lower.Resistance is seen at $0.038000, where sellers have previously dominated.
Insights for Traders:
Bearish momentum is dominating, and traders should approach cautiously.Short-term opportunities may arise for those looking to capitalize on potential support bounces.Monitor trading volume closely for signs of trend reversal.
๐ Stay informed and manage your trades wisely. The crypto market is always evolving!
