TL;DR
PENGU trades in a falling channel, nearing breakout zone with Fibonacci targets up to $0.191.
RSI and moving averages show cooling momentum, but the broader uptrend remains technically intact.
New Pudgy Penguins game goes live as volume spikes and analysts eye $0.14 resistance zone.
Pullback Forms Bullish Setup on the Chart
Pudgy Penguins (PENGU) is trading around $0.029, showing a decline of 4% in the last 24 hours and 10% over the past week, based on current market data. The recent drop follows a strong rally earlier this summer and has brought the price back into a range seen as a key support zone.
On the daily chart, PENGU is moving within a falling channel after a sharp rise from below $0.008 to just under $0.046 in July. The price is now near the 0.786 Fibonacci retracement level at $0.0317, which is often watched during corrections for signs of a reversal.
Crypto analyst Ali Martinez described the current move as a “healthy pullback” and suggested that a new leg high
We współpracy z: https://cryptopotato.com/will-pengu-fly-in-september-analysts-predict-major-upside/
