PENGU price forms a rare bullish pattern as NFT sales soar
PENGU Altcoin Surge: PENGU, driven by a significant increase in Pudgy Penguins NFT sales, rose over 18% to $0.039, marking a 360% gain since last month's low and making it the top performer among the top 100 crypto assets with a market cap exceeding $2.3 billion.
Bullish Market Indicators: Technical analysis shows a bullish trend for PENGU, including a breakout from a cup and handle pattern and a golden cross formation, suggesting potential further price increases towards $0.055, supported by strong buying momentum.
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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 3 technical signals, shows that 0 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 | 0.00267 | 0.00397 | 0.00542 | 0.00672 | 0.00816 | 0.00947 | 0.0109 |
| Fibonacci | 0.00397 | 0.00502 | 0.00567 | 0.00672 | 0.00777 | 0.00842 | 0.00947 |
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