While some coins are soaring, others are experiencing corrections. Here’s an analysis of PENGU, VELODROME, and THE, along with actionable insights:
Holding the Line
PENGU has dipped by 0.43%, showing slight consolidation. This is a hold signal for now. Traders should monitor market sentiment and wait for a rebound above $0.037 for entry.
Testing Support
VELODROME is slightly down by 0.78%. It’s approaching key support levels at $0.19. Avoid entering until a strong bounce is confirmed.
Bearish Pressure
THE has dropped by 4.65%, indicating bearish momentum. Traders should wait for a reversal or breakout above $1.35 before considering this coin.
Trading Signals:
#PENGU : Hold, wait for $0.037 breakout.
VELODROME: Watch support at $0.19, enter above $0.195.
THE: Avoid until reversal above $1.35.
#PENGU #VELODROME #THE #CryptoAnalysis s#BearishSignals