PENGU Holds $0.036 Support as Bullish Signals Clash With Bearish Warnings
A break above $0.0384 would confirm bullish momentum signaled by a TD Sequential “9” setup, supported by RSI divergence.
Overview
- The token is trading just above its ascending trendline and 20-day EMA, both converging near the $0.036 support zone that has catalyzed past reversals.
- Technical indicators are mixed as a TD Sequential “9” buy signal and bullish RSI divergence vie with a bearish RSI divergence at recent highs.
- Traders are watching for a decisive breach of $0.0384 to open the way toward resistance levels at $0.040, $0.042 and potentially $0.045.
- Analysts warn that a clean break below the trendline and 20-day EMA could trigger a deeper correction and invalidate the current bullish setup.
- Community engagement remains robust with 563,000 holders, 20,000 daily active addresses and 24-hour trading volumes exceeding $817 million.