PENGU may be at risk of a short-term correction as buying pressure cools off. The RSI currently sits at above 70, placing the altcoin firmly in overbought territory.
RSI values above 70 typically signals unsustainable momentum and hints at an upcoming pullback or consolidation phase.
Trader are advised to watch for weakening momentum as buyers become exhausted. Once selloffs commence, the token's price could fall to $0.0037.
On the other hand, if demand swells, the meme coin's price could reach $0.018.
RSI values above 70 typically signals unsustainable momentum and hints at an upcoming pullback or consolidation phase.
Trader are advised to watch for weakening momentum as buyers become exhausted. Once selloffs commence, the token's price could fall to $0.0037.
On the other hand, if demand swells, the meme coin's price could reach $0.018.
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Full story here beincrypto.com/
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.