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/
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.