PENGU latest market data shows the current price has dropped to 0.012062, a decline of -4.81%, and the bearish trend remains strong, with the K-line having run 67 consecutive bars. From a technical perspective, the price is being suppressed below the dynamic tracking line at 0.012086, indicating a clear bearish pattern.
Regarding key levels, support is at 0.012062 below, and resistance is at 0.012085, 0.012345, and 0.012445 above. From a trading standpoint, any rebound towards the 0.012085-0.012086 area is worth close attention, as these levels could become potential opportunities for adding to short positions or re-entering the market.
It is important to note that although the MACD indicator remains below the zero line, signs of narrowing the histogram have appeared, indicating a short-term risk of a rebound testing resistance. Particularly, caution should be exercised if the price strongly stabilizes above 0.012086, as the downward momentum may slow down, requiring an adjustment of strategies accordingly.
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DeFiAlchemist
· 01-08 14:23
the 0.012086 level reads like sacred resistance... macd histogram narrowing suggests the transmutation cycle might be reaching equilibrium. worth watching if price can break through that barrier tbh
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RegenRestorer
· 01-08 04:00
Pengu, is this wave still going to fall? It's been 67 candlesticks and there's no sign of a rebound.
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MetaverseLandlord
· 01-08 03:55
pengu this wave has dropped again, the bears are a bit fierce
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It's time to test your mindset again, see if 0.012086 can hold
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Is the MACD narrowing? Then wait for a rebound opportunity, it might reverse
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Already 67 candlesticks in, this pace is a bit fierce, be careful of missing out
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Rebound to 0.012085-0.012086, it's time to act, the opportunity is here
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Such fierce bears, could they break the level... be cautious
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Does pengu still need to fall? I want to see how low it can go
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Did 0.012062 break the support? If not, there might still be hope
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Is the MACD about to reverse? Seems like there's a signal
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This wave of bearish pattern is quite clear, but be cautious of the rebound too
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OnchainGossiper
· 01-08 03:45
It dropped again. This broken coin is really tormenting.
Can a strong downtrend still rebound? I don't believe it.
67 candlesticks already, when will it turn around?
Can we break through the 0.012086 level, brothers?
MACD is narrowing? Feels like a dead cat bounce.
Waiting to see if it will break the support, gambling.
Anyway, I don't dare to buy the dip; this rhythm is too strange.
View OriginalReply0
DecentralizeMe
· 01-08 03:37
Pengu has dropped again... This bearish trend is really fierce.
Let's wait for the rebound to 0.012086 before talking, otherwise catching the bottom is like taking a knife.
With the MACD like this, it feels like there's still hope; a short-term rebound is definitely possible.
Why is this coin so tormenting? It's been 67 candlesticks and it's still pushing downward.
I'm optimistic about the 0.012085 level; only a break below that would be a problem.
PENGU latest market data shows the current price has dropped to 0.012062, a decline of -4.81%, and the bearish trend remains strong, with the K-line having run 67 consecutive bars. From a technical perspective, the price is being suppressed below the dynamic tracking line at 0.012086, indicating a clear bearish pattern.
Regarding key levels, support is at 0.012062 below, and resistance is at 0.012085, 0.012345, and 0.012445 above. From a trading standpoint, any rebound towards the 0.012085-0.012086 area is worth close attention, as these levels could become potential opportunities for adding to short positions or re-entering the market.
It is important to note that although the MACD indicator remains below the zero line, signs of narrowing the histogram have appeared, indicating a short-term risk of a rebound testing resistance. Particularly, caution should be exercised if the price strongly stabilizes above 0.012086, as the downward momentum may slow down, requiring an adjustment of strategies accordingly.