The PENGU/USDT pair has been experiencing notable fluctuations over the last 24 hours, with the price currently standing at 0.027178 USDT, reflecting a -5.06% change. Despite the dip, there has been a slight recovery, with a +1.58% rise over the last 4 hours.
Key Levels to Watch:
24h High: 0.029960 USDT
24h Low: 0.022654 USDT
These price levels indicate a potential range-bound market, which could present trading opportunities as the pair moves between these extremes.
Volume Analysis:
24h Volume (PENGU): 7.48 billion PENGU
24h Volume (USDT): 200.07 million USDT
The trading volume shows significant market activity, especially in PENGU, which suggests heightened trader interest in this asset.
Trend Analysis (4h Chart):
The current uptrend of +1.58% suggests potential bullish momentum in the short term.
Key resistance appears near the 0.070000 USDT mark, while support is found at the 0.020000 USDT level.
Next Steps for Traders:
If the price breaks above 0.029960, we could see further upside momentum toward resistance at 0.070000 USDT. However, a drop below 0.022654 might signal further consolidation or a potential bearish trend.
As always, use proper risk management strategies when trading, and keep an eye on key support and resistance zones.
Let me know if you'd like any adjustments or additional insights!
Technical Analysis Report: $USUAL , $PENGU , and $VELODROME Shine Among New Listings
The newly listed coins have shown diverse performances in the market, with PENGU and USUAL leading the gains. PENGU has surged impressively by +36.27%, trading at $0.037464, reflecting strong buyer momentum and heightened interest. Similarly, USUAL is making waves with a +28.23% increase, now priced at $1.0783, showing consistent upward pressure. Another standout is VELODROME, up by +6.12% at $0.1977, indicating steady accumulation and investor confidence. These movements suggest bullish sentiment among new entrants, driven by rising demand and fresh liquidity inflows.
On the flip side, 1000CAT, VANA, and ME have struggled to sustain gains. 1000CAT faced a sharp -14.26% decline, falling to $0.04045, likely due to sell-offs after an initial surge. VANA and ME also dipped, recording losses of -6.95% and -6.34%, respectively, with VANA trading at $16.339 and ME at $2.837. This indicates profit-taking pressure and weaker support levels for these tokens. For traders, monitoring support zones and volume trends on the declining coins could reveal re-entry opportunities, while the upward momentum of PENGU, USUAL, and VELODROME signals potential short-term gains for those seeking to capitalize on their strength.