📊 $PENGU /USDT Technical Analysis: Unlocking Opportunities!

Current Price: $0.024401 (-21.63%)

24h Range: $0.023659 - $0.032406

PENGU has witnessed significant volatility, providing potential trading opportunities for both short- and mid-term traders. Here's an analysis with 3 potential targets to consider:

Key Levels to Watch:

1️⃣ Target 1: $0.026500

Resistance zone from the recent drop. If momentum builds, this level could be tested in the short term.

2️⃣ Target 2: $0.029000

Psychological resistance and close to the 24h high. A breakout above this could signal strong recovery.

3️⃣ Target 3: $0.032000

Major resistance, aligning with the 4h timeframe's EMA. A clear breakout here could confirm a bullish reversal.

Support:

Strong support at $0.023659 (24h low). Any breakdown below this level might extend bearish momentum.

Indicators:

RSI: Near oversold territory, indicating a potential bounce.

MACD: Showing bearish momentum but approaching a possible crossover.

Strategy:

For aggressive traders: Consider buying near support and targeting $0.026500.

For conservative traders: Wait for a confirmed breakout above $0.029000.

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