$PENGU
Analysis:
1. Short-Term Trend:
Bearish: The -9.72% decline and proximity to the 24h low suggest continued downward pressure, although oversold conditions may trigger a short-term rebound.
2. Support and Resistance:
Support: Near $0.034921 (24h low).
Resistance: At $0.035403 (MA10) and $0.039570 (24h high).
3. Trading Strategy:
For Traders:
Look for a potential bounce if RSI confirms oversold conditions.
Watch for rejection near $0.035403 or further declines if bearish pressure persists.