27% Drop on the Horizon | Airdrop Alert Pro

The price of Pumpy Penguin (PENGU) has fallen by more than 9% in the past 24 hours, after briefly becoming the largest meme token on the Internet. Solanahas been surpassed by BONK and ai16z.

The recent decline comes as momentum cools, which is reflected in key technical indicators such as relative strength index and DMI.

PENGU RSI is cooling down

promise The relative strength index (RSI) is 45.9, down sharply from 68.3 on January 1. The decline suggests that buying pressure has subsided and that the recent momentum driving prices higher has cooled.

The current RSI level puts PENGU in neutral territory, indicating a balance between buyers and sellers, with no one party clearly dominating.

RSI is a widely used momentum indicator that measures the speed and magnitude of price changes on a scale of 0 to 100. Readings above 70 indicate overbought conditions and usually signal a potential pullback, while readings below 30 indicate oversold conditions and a possible pullback. rebound.

and promise With an RSI of 45.9, the indicator indicates that the asset is neither overbought nor oversold, indicating a consolidation phase. In the short term, this level may indicate limited price movement unless market sentiment changes significantly due to increased buying and selling activity.

The downward trend of PENGU is getting stronger and stronger

PENGU’s DMI chart shows that its ADX is currently at 24.2, indicating a moderately strong trend. ADX measures trend strength on a scale of 0 to 100, indicating that while market momentum is significant, it is not yet overwhelmingly strong.

+DI (directional indicator) has fallen to 22.3 from 34.6 two days ago, indicating easing buying pressure, while -DI has risen from 11.2 to 22.6, reflecting increased selling pressure, which may promise Lose its third position Meme Coin on Solana to WIF.

This shift in the directional indicator, with -DI slightly surpassing +DI, indicates that bearish momentum is starting to build in the short term. Close values ​​of +DI and -DI indicate that the market is in transition, with neither buyers nor sellers having a decisive advantage.

For PENGU price, this could mean continued consolidation or a potential bearish bias unless +DI regains strength and ADX climbs further above 25 to confirm a stronger trend.

PENGU Price Forecast: Potential 27.6% Revision

The EMA line for PENGU indicates that a death cross may form soon, which is a bearish sign that the short-term EMA is below the long-term EMA.

If this happens, it could strengthen the current downtrend, pushing penguin price It is near the nearest support at $0.0296. Failure to hold this level could lead to further declines with the next support at $0.025, implying a potential major correction of 27.6%.

Conversely, if the trend reverses and bullish momentum takes over, penguin price A retest of the $0.0409 resistance is likely. A break above this resistance level could pave the way for further gains, potentially to $0.0439, a rise of 26.5%, and could lift PENGU price to the top of the list of biggest gainers. Solana Meme Coinjust like last week.