Technical Analysis for $PENGU

/USDT:

Current Price: $0.03482

24h Price Movement: +15.56%

Resistance Levels: $0.035861 (recent high), $0.036010 (next resistance)

Support Levels: $0.032747 (current support), $0.030099 (previous low)

Trade Signals:

Bullish Momentum: The recent upward movement suggests strong bullish momentum, with prices maintaining above the key support level at $0.032747.

RSI: The Relative Strength Index (RSI) might indicate an overbought condition, signaling a potential short-term pullback.

MACD: The MACD shows an upward crossover, reinforcing bullish sentiment in the short term.

Target Levels šŸŽÆ:

1. Target 1: $0.0360 (Near-term resistance)

2. Target 2: $0.0375 (Potential breakout zone)

3. Target 3: $0.0400 (Longer-term upside if momentum holds)

Trade Momentum:

The bullish momentum is strong as long as the price holds above the support zone. A break above the resistance level of $0.036 would confirm the continuation of the uptrend. Keep an eye on potential pullbacks if the RSI starts signaling overbought conditions.

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