#PENGUOpening $PENGU The current chart for PENGU/USDT shows strong buying momentum with a bullish MACD crossover and rising price action. The increased volume and sustained upward trend indicate growing market interest, which could drive the price higher if key resistance levels are broken. This positive momentum presents an opportunity for traders to capitalize on potential gains while closely managing risk.
I bought it at the spot launch, binance notified that I have to buy at 3% price above launch price, I accepted it, and I am still holding it. Am I eligible for the offer?
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Binance Announcement
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Updates on Pudgy Penguins (PENGU) Token Information
This is a general announcement. Products and services referred to here may not be available in your region. Fellow Binancians, Due to a delay in updating the token information for Pudgy Penguins (PENGU) by our data provider CoinMarketCap, the market capitalization and full diluted valuation (FDV) displayed data for the project was not updated in time upon the listing on Binance Spot. Binance notified the CMC team upon discovery and CMC has swiftly refreshed their data. The transparent nature of blockchain means on-chain data will be the most reliable and updated. As an exchange platform, Binance uses third-party sources to display data for our users’ convenience and reference only. As a goodwill gesture, Binance has earmarked 135,000,000 PENGU tokens to be distributed to eligible users who bought PENGU between 2024-12-17 14:00 (UTC) and 2024-12-17 14:37 (UTC). The airdrop distribution will be credited to eligible users’ master accounts within 72 hours. Airdrop Details: Transaction Snapshot Period: 2024-12-17 14:00 (UTC) to 2024-12-17 14:37 (UTC)Eligible Airdrop Users: Users who purchased PENGU in the Binance Spot market (excluding the project’s market makers and VIP 4 - 9 users).Airdrop Rules: Binance will airdrop 135,000,000 PENGU to eligible users who purchased PENGU on Binance Spot during the transaction snapshot period based on their spot purchase volume. For example, User A purchased 10 PENGU at 2024-12-17 14:10 (UTC) and sold all their PENGU at 2024-12-17 14:47 (UTC). The amount of PENGU token they can receive will be: (10 / Total amount of PENGU purchased by all eligible users during the transaction snapshot period) * 135,000,000 PENGU Binance apologizes for any inconvenience caused to users. In addition to conducting a review with our data provider, Binance will implement measures to prevent recurrence, including exploring alternative and multiple data sources. Thank you for your support! Binance Team 2024-12-18 Note: This announcement was updated on 2024-12-18 to clarify the airdrop distribution will be credited to eligible users’ master accounts within 72 hours.
The BTC/USDT price is currently at $105,219.83, showing an upward trend (+3.24%).
Price has recently hit a 24H high of $106,648 and has remained above key support levels.
A significant upward trajectory can be seen on the chart since early December.
Moving Averages:
LSMA (50) and EMA Cross (5,12) indicate a bullish momentum as shorter-term EMA (5) remains above EMA (12).
Price is trending above both averages, confirming strength.
MACD (Moving Average Convergence Divergence):
The MACD line (blue) is above the signal line (red), showing a positive bullish crossover.
The histogram is relatively flat but stays above zero, suggesting mild bullish momentum.
RSI (Relative Strength Index):
RSI value is 99.09, which is extremely overbought (above 70).
This signals a potential pullback or consolidation phase as prices may be overextended.
Forecast and Insights:
Bullish Scenario:
If BTC/USDT maintains its momentum, it could test the next resistance near $106,600 or even move higher toward $108,000 in the short term.
Bearish/Correction Scenario:
Given the RSI is highly overbought (99.09), there is a significant chance of a short-term correction.
Immediate support lies at $104,177 and stronger support at $103,064. Breaking these could trigger a move down to $98,411.
MACD and Volume:
Watch for declining momentum on the MACD and any increase in bearish volume, which may indicate the start of a correction.
Trading Strategy:
Short-term Traders: Consider taking profits or waiting for a pullback to re-enter near support levels.
Long-term Investors: As the trend remains bullish, holding BTC with stop losses near $103,064 could be a good strategy.
In summary, BTC/USDT is bullish but overbought. A correction might occur before a further upward move. Keep an eye on RSI levels and price reactions near support zones.#BTCNewATH