$PENGU /USDT Current Price: The price is trading at 0.031216, showing an increase of 13.73!^ in the last 24 hours.~2. Support and Resistance Levels:
24hr Low: 0.022654 (Support Area)
24 Hours High: 0.032307 (Resistance Zone) ~3. Candlestick Pattern:~The chart shows a series of green and red candles, indicating bullish and bearish movements.~Currently, the price is consolidating after a slight downtrend from the recent high at 0.032307.~4. Volume:
There is a noticeable increase in volume during upward price movements, indicating buyer interest.
5. Moving Averages (MA):
MA (5): 39.20 million
MA (10): 56.82 million
The shorter moving average (MA5) is below the longer moving average (MA10), which may indicate short-term bearish momentum.~6. RSI (Relative Strength Index):
The RSI value is 48.03, indicating a neutral condition (neither overbought nor oversold).
Expectations:
If the price exceeds 0.032307, it may move up.
If it fails, we expect a retest of support at 0.028922 or 0.027354.
Future price prediction
Ascending
1. If the price breaks above the resistance level of 0.032307, there is a possibility of further upside.~2. The next target could be around 0.034000-0.035000, based on previous resistance levels and market momentum.
1. If the price fails to maintain its current level and breaks below the support level of 0.030739, it can retest the lower levels:
First support: 0.028922
Strong Support: 0.027354 (24-hour low)
2. A decline below these levels may lead to a further decline to around 0.025000, which is a psychological level.
Indicators to watch: 1. Volume: Increased buying volume would confirm bullish momentum.~2. Relative Strength Index: If the RSI approaches 70, expect a pullback. If it drops below 30, it could indicate an oversold condition (potential bounce).
3. Moving Averages (MA):
MA(5) crossing above MA(10) may indicate bullish momentum.
If MA(5) remains below MA(10), expect bearish pressure.
This analysis assumes normal market conditions with no external news or events affecting the price. For safer predictions, consider combining technical analysis with fundamental analysis, such as news about PENGU or broader market trends.
