🔻 PENGU -7,13% — Entering Oversold Zone, Is a Rebound Near?

PENGU/USDT is under strong bearish pressure on the 4-hour timeframe, with the price around 0,007593. After previously reaching a high around 0,010584, the price structure has continued to decline and is now approaching an important support area.

📉 The trend remains bearish. The price is below MA7 0,007741, MA25 0,008248, and MA99 0,008759. Supertrend at 0,008333 is also still above the price, indicating that sellers remain in control.

⚠️ RSI(6) has fallen to 20,13, already entering the oversold area. This condition opens the possibility of a technical rebound, but MACD remains negative with DIF at -0,000249 and the histogram at -0,000064, so there is still no strong confirmation of a bullish reversal.

🎯 Key PENGU levels:

Resistance:
0,00773–0,00798 → 0,00814–0,00833 → 0,00860

Support: 0,00741–0,00743 → 0,00700 → 0,00640

If the 0,00741 area holds, the possibility of a rebound toward 0,0079 remains open. Conversely, a breakdown below this support could extend the correction toward 0,0070–0,0064.

Is PENGU ready to rebound from the oversold zone? 👀🐧

#pengu #ContentMining #crypto #altcoins #GateMeme

$PENGU