$PENGU /USDT Technical Analysis & Trade Signal
Market Overview:
The PENGU/USDT pair has shown a recovery with slight upward momentum after testing its 24-hour low of $0.039428. Currently, the price is trading near $0.041308, and key resistance levels and support zones are shaping the trading momentum.
Technical Analysis:
Support Levels:
S1: $0.039500 (recent low)
S2: $0.037800 (strong demand zone)
Resistance Levels:
R1: $0.043500 (short-term resistance)
R2: $0.045000 (psychological barrier)
Indicators:
RSI (14): 46 (neutral but nearing oversold)
MACD: Weak bullish crossover, indicating potential upward momentum.
EMA (20): $0.041000 (currently acting as support)
Trade Signal:
Entry Zone: $0.041000 - $0.041500
Stop Loss: $0.038800 (below recent support level)
🎯 Target Levels:
1. T1: $0.043200 (initial resistance breakout)
2. T2: $0.045000 (mid-term resistance level)
3. T3: $0.047500 (extended bullish momentum)
Trade Momentum:
Short-term: Neutral-to-bullish (low risk appetite recommended)
Mid-term: Bullish if $0.043500 resistance breaks with volume.
Long-term: Dependent on broader market sentiment and breaking $0.045000.
Trading Tip:
Monitor the price action around $0.041000. If it holds as a support, expect a bounce toward $0.043200. Conversely, if it breaks below $0.039500, expect further downside. Use trailing stop-loss to secure profits.
Risk Management: Trade with caution and allocate only 1-2% of your portfolio.