Market sentiment for PENGU surged with rising Open Interest and favorable technical indicators. A whale accumulation of 79.9M tokens and a break above the $0.0385 resistance level fueled optimism. While social dominance dipped, increasing trading volumes and strong bullish signals from indicators suggest the rally may continue.
Market sentiment surged with rising Open Interest and favorable technical indicators.Over eight days, the whale accumulated 79.9M tokens, achieving an unrealized profit of $835K.
This decline meant reduced chatter in the crypto community as traders awaited stronger confirmation of the rally’s sustainability. However, the modest figure for long liquidations reflected a degree of caution among traders unwilling to overleverage.PENGU’s Relative Strength Index was 64 at press time, signaling strong upward momentum while leaving room for further growth before hitting the overbought threshold of 70.
Open Interest has surged by an impressive 42.24%, reaching $236.55M, reflecting heightened confidence in PENGU’s rally.
CRYPTOCURRENCY MEME TOKENS PENGU MARKET SENTIMENT TECHNICAL INDICATORS
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