$PENGU / USDT Analysis on Binance

📊 Current Price: $0.035278 (+11.20%)
💡 Timeframe: 15-minute chart

The $PENGU / USDT pair is showing signs of bullish momentum with a 24-hour high of $0.039488 and a 24-hour low of $0.031694. The moving averages (MA) suggest the following trends:

MA(7): Short-term momentum around $0.035276MA(25): Mid-term price resistance at $0.035445MA(99): Long-term support around $0.035814

📈 Volume Insights:

24h Vol (PENGU): 9.12B24h Vol (USDT): 328.13M

This reflects strong trading activity, indicating high interest in the asset.

Key Observations:

The chart shows a consolidation phase, with price hovering near moving averages, suggesting a potential breakout.Short-term resistance is near $0.035545, with support at $0.034629.Traders might watch for a breakout above $0.0355 for potential upward continuation or monitor for a retracement below $0.0346 for downside risk.

⚠️ Note: Always use proper risk management and do your own research before trading.