PENGU Price Crashes 26%, $1 Billion Market Cap in Jeopardy
In the past 24 hours, PENGU prices have fallen by nearly 26 %, reaching the lowest level in history. It used to be the biggest cause coin SoranaIt has been replaced by Trump, Bangk and Dogwifhat.
Technical indicators including iChimoku cloud and DMI show that the decline is still growing, increasing the risk of further decline. Unless a strong reversal occurs, PENGU can continue to set up a new low in the short term.
Pengu iChimoku Cloud shows the setting of the loser
Ichimoku cloud chart promise Show a clear trend. The price is lower than the conversion line (blue) and the baseline (red), indicating short and medium -term weaknesses.
Yun (Kumo) is red, tilting downwards, which enhances the mood of the loser. In addition, lag span (green) is below the price, and it is confirmed that the decline is dominated.
Because the price is always under the cloud, there is no sign of immediately reversal. The expansion of the gap between conversion and baseline indicates that the decline is increased.
For trend changes, Pengu price Need to recover the conversion line and finally move to the cloud. Nevertheless, for the time being, the iChimoku index still shows strong downward pressure.
Pengu DMI signal has enhanced the downward trend
PENGU’s DMI chart shows that its ADX has risen from 14.6 to 20.16 in just one day, indicating that the strength of the current trend is increasing.
ADX measures the trend intensity, and the value is less than 20 indicates a trend of weakness or exceptions, while the value higher than 25 means that the trend is stronger. Recent growth indicates promise The current trend is growing, although it has not been completely determined.
At the same time, +DI dropped sharply from 31.4 to 15.49, indicating that the decline in bullish pressure, and the rise of -Di rose from 16.8 to 37.42, showing a strong sales advantage.
This change confirmed Pengu price In the trend of decline, the decline has increased. With the strengthening of ADX, unless the purchase pressure is returned to cope with the sales advantage, the decline may continue.
PENGU price prediction: Will it continue to test a new low point?
Pengu’s market value is 1.08 billion US dollars, which is currently at the lowest level in history, and has fallen below $ 0.018 for the first time. Once the biggest Same angle exist SoranaIt was surpassed by Trump, Bangk and Dogwifhat.
Given the drop signals from the Ichimoku cloud and DMI indicators, PENGU is very likely to fall to less than $ 0.017. The price is far lower than the cloud, and the price of ADX has risen, confirming that the decline is strengthened. -Di advantage further supports continuous downward pressure.
However, if the momentum changes, and Pengu price It can restore key levels. Trend reversal may lead to a test of US $ 0.022. If the purchase pressure is enhanced, it has further increased potential.
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