Technical Analysis for $PENGU
/USDT:💯🔥🔥
Current Price: $0.03489
Momentum: Bullish (+13.93% in the last 24 hours)
Indicators:
Moving Averages (MA): Price above 50-MA and 200-MA, indicating upward trend continuation.
Relative Strength Index (RSI): Near 70, showing momentum strength but approaching overbought zone.
Volume: Increasing volume confirms buyer interest.
Trade Signal: Buy (Short to Mid-term)
🎯 Targets:
1. Target 1: $0.03590 (Short-term resistance)
2. Target 2: $0.03720 (Strong resistance level)
3. Target 3: $0.03850 (Major breakout level)
Stop Loss:
Set below $0.03350 to manage downside risks.
Momentum Insight: Monitor RSI and volume. A sharp RSI above 80 may signal a retracement, while sustained volume could push prices toward upper targets. Trade cautiously in overbought conditions.