Bitcoin

Can Pudgy Penguins (PENGU) Recover After an 8% Drop?

  • Grassouiers (PEGGE) penguins are negotiated at $ 0.01393 after a daily drop of 8%.
  • The market capitalization amounts to 876.02 million dollars with a 24 -hour volume plunging 51.74%.

The fatty penguins (Pingou) were faced with a notable slowdown, loss 5.32% value in the last 24 hours to negotiate $ 0.01393. The project now has a market capitalization of $ 876.02 million, which also marks a decrease of 5.59%.

Its fully diluted evaluation amounts to $ 1.23 billion, while 62.86 billion pingou chips remain in circulation compared to a total offer of 88.88 billion. Meanwhile, the 24 -hour negotiation volume denounced 51.74% to 265.69 million dollars. With a volume / market ceiling ratio of 30.43%, activity shows a sharp drop in investor engagement.

Will PEGGE bounce?

Currently, the short -term trend of Pengu reflects cautious optimism, but the resistance is nearly $ 0.01432, above its punctual value. The support floor is around $ 0.01328. A movement above the resistance could push the token to the region of $ 0,0155, while a violation lower than the assistance risks reducing the levels by $ 0.012.

The relative resistance index (RSI) holds 57.14, suggesting a slight optimist, while the average RSI of traces at 65.08, indicating that the recent momentum may have already culminated. If RSI again crosses its average, it could rekindle the purchase pressure. However, the two values ​​remaining less than 70, the Pingou avoids the over -rascal conditions.

On mobile averages, the line of 9 periods (orange) now amounts to $ 0.01433, slightly above the line of 21 periods (green) at $ 0.01328. A bullish crossing took place, referring to a short -term rise. This technical structure often indicates the purchase of interest, in particular when associated with an increasing volume. However, the recent volume collapse the rhythm of this interpretation and guarantees caution.

Although the Chaikin monetary flow indicator (CMF) is not directly shown on the graph, the price volume behavior suggests a light neutral accumulation. The downward trend in volume, despite a recent price portal, implies a lower conviction behind the upward movements.

If Momentum supports itself and the token is more than $ 0.0135, Pengu could aim to break its recent top. Conversely, a shift of less than 0.0132 could open the short -term reduction path. Given the average mobile crossing and RSI behavior, the current phase indicates consolidation with a reversal potential if market participation increases.

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