$PENGU 📊 Technical Breakdown
Current Price: 0.007129 (Up +2.00%)
Trend: After hitting a peak of 0.008203, the price has pulled back. It is currently hovering around the MA(7) (yellow line) and MA(25) (purple line), which are acting as immediate magnets for the price. 🧲
📉 Support Levels (The Floor)
Immediate Support: 0.00698 (MA(25)). This is where the price is currently finding some footing.
📈 Resistance Levels (The Ceiling)
Immediate Resistance: 0.00750 (Recent 24h High). Sellers are waiting here to cap the gains.
💡 Quick Summary
The chart shows a consolidation phase. The volume has dropped significantly compared to the big spike a few days ago, meaning the market is indecisive. ⚖️
Bullish Scenario: If it holds above 0.0070, we might see another test of the 0.0080 range.
Bearish Scenario: If it closes a 4h candle below 0.0068, expect a deeper dip toward 0.0062.
Keep an eye on that volume! Low volume during a dip is usually a healthy sign of a "bull flag" forming. 🚩
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