$PENGU
/USDT | Market Update
Category: NFT
Trend: Short-term Weak / Sideways-Bearish
💰 Price: 0.006167
📉 24h Change: −5.05%
📊 24h Volume: 982.38M PENGU (high activity, but selling pressure)
📊 Technical Overview • Price is hovering right on MA cluster (MA7 / MA25 / MA99)
• Indicates indecision + consolidation
• Recent rejection near 0.00620
• Volume high, but buyers losing momentum
This is a decision zone.
📌 Key Levels
🔴 Resistance • 0.00620 – 0.00625 (MA zone + rejection area)
• 0.00653 (24h high, breakout confirmation)
🟢 Support • 0.00607 (24h low / immediate support)
• 0.00600 (psychological level)
• 0.00580 (next demand zone if breakdown)
🎯 Trade Scenarios
🟢 Bullish Case • Hold above 0.00607
• Break & close above 0.00625 with volume
• Targets: 0.00640 → 0.00653
🔴 Bearish Case (More Likely if BTC weak) • Failure to reclaim 0.00620
• Breakdown below 0.00607
• Targets: 0.00600 → 0.00580
⚠️ Risk Notes • NFT coins = high volatility
• No clear trend yet → wait for confirmation
• Fake breakouts common in low-price assets
📌 Bias: Neutral → Slightly Bearish
📌 Volatility: High
📌 Invalidation: Strong close above 0.00630
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