Saylor refutes Bitcoin sale speculation, DOJ sentences accomplices in North Korean scheme, BitMine appoints new CEO | Weekly Summary
Michael Saylor's Bitcoin Accumulation: Michael Saylor, co-founder of Strategy, dismissed rumors of Bitcoin sales and confirmed the company's ongoing accumulation of Bitcoin despite market price declines.
Justice Department Actions: The DOJ secured multiple convictions related to North Korean cryptocurrency operations, targeting individuals who assisted in fraudulent activities.
Industry Updates: BitMine appointed a new CEO, BlackRock expanded its tokenized Treasury fund to BNB Chain, and Cash App introduced new cryptocurrency payment features.
Regulatory Developments: The Monetary Authority of Singapore announced trials for tokenized bills with CBDC, while the Bank of England proposed stablecoin holding limits for enterprises and individuals.
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 Neutral technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 3 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 | 0.0016 | 0.00344 | 0.00521 | 0.00705 | 0.00882 | 0.0107 | 0.0124 |
| Fibonacci | 0.00344 | 0.00482 | 0.00567 | 0.00705 | 0.00843 | 0.00928 | 0.0107 |
About PENGU
About the author









