š $PENGU Analysis & Price Target š
Market Overview š
$PENGU has shown an explosive breakout, surging by +1480.86% in the last 24 hours. The price climbed from a 24h low of $0.003375 to a high of $0.070000, before settling at its current level of $0.053354. The surge is backed by significant trading volume of 2.88B $PENGU and 151.01M USDT, indicating strong buying momentum.
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Key Price Levels š
Current Price: $0.053354
24h High: $0.070000
24h Low: $0.003375
Resistance Levels:
Short-term: $0.070000 (recent high)
Next Target: $0.085000 (if momentum sustains)
Support Levels:
Immediate: $0.048900 (MA 99)
Strong Support: $0.024473
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Technical Indicators š
MA (7-Day): $0.073332 ā Short-term resistance.
MA (25-Day): $0.053354 ā Price hovering near this level, signaling consolidation.
MA (99-Day): $0.048902 ā Strong support base, indicating bullish structure.
š Volume Analysis: With over 2.88B PENGU traded in 24 hours, the demand remains high. This level of activity suggests strong investor interest and potential for continued movement.
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Price Targets šÆ
1. Immediate Target: $0.070000
2. Short-Term Target: $0.085000 (if momentum sustains above resistance).
3. Long-Term Potential: $0.10 and beyond, depending on market sentiment and volume continuation.
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Key Observations š§
The price surge and strong volumes indicate high volatility and significant upside momentum.
A sustained break above $0.070000 could push PENGU to new highs, with $0.085000 as the next immediate target.
Traders should watch for support around $0.048900 (MA 99) in case of pullbacks.
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