Bored Ape Sells For $2.3M – Are NFTs Gearing Up For Another Bull Run?
NFT Market Rebound: The non-fungible token market is showing signs of recovery, highlighted by a recent sale of a Bored Ape NFT for over $2.3 million, indicating renewed investor interest after a downturn.
Sales Volume Surge: In the past week, the NFT market generated over $140 million in trading sales volume, with significant contributions from collections like CryptoPunks and Bored Ape Yacht Club, suggesting a growing momentum in NFT transactions.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for PENGU
Technical Sentiment Analysis for Pudgy Penguins (PENGU) As of , Pudgy Penguins (PENGU) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for PENGU stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, PENGU is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Pudgy Penguins (PENGU) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00163 | 0.00345 | 0.00524 | 0.00706 | 0.00885 | 0.0107 | 0.0125 |
| Fibonacci | 0.00345 | 0.00483 | 0.00568 | 0.00706 | 0.00844 | 0.00929 | 0.0107 |
About PENGU
About the author
