$PENGU USDT is showing signs of recovery, currently trading at $0.015801, up 3.34% in the past 24 hours. After bouncing back from a low of $0.014459, the price is gaining momentum, suggesting a potential trend reversal. However, with the RSI at 70.94, the asset is in overbought territory, indicating possible resistance ahead.

Key Levels to Watch:

Resistance: $0.016200 – A breakout above this level could propel PENGU towards $0.016800.

Support: $0.015200 – Holding above this level is vital to sustain the upward trend.

Trade Setup:

Long Entry: Above $0.016000, targeting $0.016500 and $0.017000.

Short Entry: Below $0.015200, with targets at $0.014800 and $0.014400.

Market Insights: Breakouts driven by volume will be crucial in determining PENGU’s next move. Keep an eye on the RSI to avoid entering during false breakouts in the overbought zone.

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PENGU
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