$PENGU /USDT Analysis: Struggling at Critical Levels
$PENGU is trading at $0.013442, reflecting a steep -12.02% decline in the last 24 hours. The coin is hovering near its recent low of $0.013266, signaling a potential support zone.
Key Levels to Monitor:
Resistance: $0.01400 – A breakout above this level may lead to recovery toward $0.01450.
Support: $0.01320 – Losing this critical support could result in a drop toward $0.01280.
Trade Setup:
Long Entry: Above $0.01350, targeting $0.01400 and $0.01450.
Short Entry: Below $0.01320, targeting $0.01280 and $0.01250.
Market Insights:
RSI at 25.73 suggests the asset is oversold, hinting at a possible rebound if buyers emerge.
MACD remains bearish, with weak buying momentum visible.
Traders are advised to watch for confirmations of a trend reversal or further breakdown and adjust their strategies accordingly.