Technical Analysis for $PENGU

/USDT:

Current Price: 0.035667 USDT

Trend: Bullish, with a +28.61% rise over the past 24 hours.

Resistance Levels:

Target 1: 0.036236

Target 2: 0.037000

Target 3: 0.038500

Support Levels:

First Support: 0.032721

Second Support: 0.029208

Momentum:

The momentum is currently strong, indicated by the positive 24h change. The price has broken the recent resistance around 0.035 and is likely to test higher levels. The market is bullish with the potential to continue upward, but a pullback toward support may offer buying opportunities.

Trade Signal:

Buy Zone: Above 0.035

Sell Zone: If price falls below 0.032

Trade Momentum: Strong upward momentum, buy with targets at the resistance levels (0.036236, 0.037000, 0.038500), consider taking profits near the resistance. Adjust stop-loss near the first support (0.032721).

Always set a stop-loss to manage risks and keep track of market trends for timely adjustments.

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