$PENGU Technical Analysis of PENGU/USDT on Binance 🚀
Current Price: 0.034024 USDT (+11.95%)
PENGU has seen a strong upward momentum recently, breaking past key resistance levels. Let’s dive into the technical analysis and explore the targets for the next potential moves.
Key Levels to Watch:
Support Zone: 0.030152 (24h Low)
Resistance Zone: 0.035861 (24h High)
Potential Targets 🎯:
1. Target 1 - 0.035373: This is a key resistance point where the price could face some selling pressure. A breakout above this level could signal further upward momentum.
2. Target 2 - 0.035861: The 24h High level, acting as the first major target. A clear break above this would confirm the continuation of the bullish trend.
3. Target 3 - 0.038000: If the bulls continue to drive PENGU upward, the next major target lies around this level, offering potential for even more significant gains.
Key Indicators:
24h Volume (PENGU): 3.22B
Moving Averages:
MA(5): 34,171,338
MA(10): 39,876,643
Depth: 0.035373, 0.035281, 0.034702 (indicating a strong buying interest at these levels)
Conclusion:
With a current bullish trend and key support at 0.030152, the price could potentially move towards the resistance levels mentioned above. Keep an eye on the price action around these targets for potential breakout opportunities!
Stay updated and trade smart with Binance!
#PENGU #USDT🔥🔥🔥 #Binance #CryptoAnalysis #TechnicalAnalysis #Targets
#CryptoTrading