Currently, Pudgy Penguins (PENGU) is up 32%

Technical analysis on the H1 timeframe:

• Current trend: On the H1 chart, PENGU is moving within an upward price channel, with successive higher highs and lows, indicating a short-term bullish trend.

• Candlestick pattern: Recently, a Bullish Engulfing candlestick pattern appeared at the support level of 0.026 USD, indicating strong buying pressure and the potential for a continuation of the upward trend.

• Technical indicators: The RSI indicator is at 70, indicating that the market is in an overbought state. The MACD line has crossed above the signal line, confirming the upward trend.

With a short-term upward trend and positive technical signals, one might consider opening a buy position at the support level of 0.026 USD with a target profit at 0.040 USD. The stop-loss level should be set below 0.025 USD to manage risk effectively.