$PENGU /USDT Technical Analysis

The $PENGU /USDT pair has shown a modest increase in the past 24 hours, with the price currently at 0.036824. Here's a detailed look at the key levels and trading activity:

Current Price: 0.036824

24h High: 0.043500

24h Low: 0.036033

24h Volume (PENGU): 7.72B

24h Volume (USDT): 302.16M

Price Change: +0.74%

Key Support and Resistance Levels:

Support: 0.036033

Resistance: 0.043500

Potential Breakout: 0.043958

Market Depth:

Bid: 0.037243

Ask: 0.036824

Looking at the market depth, there seems to be a strong presence at 0.036824, acting as short-term support. A breakout above 0.043500 could signal further bullish momentum. However, if the price retraces towards 0.036033, keep an eye on it as a potential buying opportunity.

Strategy:

For Bulls: Look for opportunities above 0.043500 for a breakout play.

For Bears: Watch for a possible dip towards 0.036033 as a level to consider shorting.

Keep an eye on the 24h volume and price action to gauge the strength of these levels. Happy trading!

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