If the current uptrend continues, the price of PENGU could soon test $0.43, a key level that could pave the way for further gains. Breaking this resistance could see PENGU rise to $0.45 and even $0.50, marking a potential increase of 29.7% from current levels. This would further solidify PENGU's position as the largest memecoin on Solana.
However, as highlighted by the RSI and CMF, the uptrend may be losing strength, suggesting the possibility of a reversal. If this occurs, PENGU could test the support level of $0.37, and if that does not hold, the price could drop even further to $0.30.
PENGU price analysis. PENGU price analysis. Source: GeckoTerminal In the worst-case scenario, a prolonged downtrend could push the price of PENGU as low as $0.229.
How the value of the iota cryptocurrency has changed in the last day
This digital currency is designed to be used as a means of payment through all devices that are part of a single network without additional transaction fees
ByInfobae News
Dec 25, 2024 07:46 a.m. AR
#IOTA It is not based on the blockchain like other cryptocurrencies, but on a Tangle architecture whose goal is to incorporate digital currencies into the Internet of Things. (Infobae)
IOTA is one of the virtual currencies that are revolutionizing the digital currency market, because unlike its competitors such as bitcoin or ethereum, it is based on a totally different technology than blockchain where there is no talk of mines or miners.
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For financial experts, IOTA is an ambitious and very risky bet whose main objective is to incorporate digital currencies into a single network, the Internet of Things.