$PENGU /USDT Technical Analysis 📊

Current Price: $0.030368 (-6.78%)

$PENGU has experienced a 6.78% decline over the past 24 hours, now trading at $0.030368. This price move is significant for traders looking for potential support or resistance levels in the NFT sector.

Key Technical Levels:

24h High: $0.033099

24h Low: $0.030020

Current Price: $0.030368

Market Depth:

Resistance: $0.032365 (Potential breakout zone)

Support: $0.030020 (Critical support level)

Volume Analysis:

24h Volume (PENGU): 1.79B

24h Volume (USDT): 56.34M

The volume is notable, indicating active participation and possible volatility. A bounce from the support level of $0.030020 could lead to a potential retest of the resistance at $0.032365, while a break below support might indicate further downside potential.

Conclusion:

Monitor PENGU for potential trading opportunities, particularly in the NFT space. Watch the support at $0.030020 closely, as a break below it could signal further downside. A reversal towards the resistance at $0.032365 would suggest a potential upward movement.

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