PENGU Price Nears Key Resistance With 150% Volume Surge | Airdrop Alert Pro

The price of Penguin (PENGU) has surged more than 9% in the past 24 hours, with trading volume jumping 150% to $907 million. Now the second largest Solana As the meme coin behind BONK, PENGU is attracting widespread attention, with its market value climbing to US$2 billion.

Although recently relative strength index The DMI reflects rising and bullish momentum, but trend strength remains modest, suggesting traders are cautiously optimistic. The altcoin is approaching key resistance at $0.043, with the potential for further gains or a sharp retracement, depending on whether the current momentum continues or reverses.

PENGU RSI surges but remains in neutral territory

promise The Relative Strength Index (RSI) is currently at 51, down slightly from 57 yesterday, having surged from 35 in less than a day. This move suggests that while buying pressure has subsided, the RSI remains in neutral territory.

A quick surge from oversold levels suggests a recent recovery phase, but stability around 51 suggests a market pause as traders assess the next direction for PENGU price.

RSI is a momentum indicator that measures the strength and speed of price movements on a scale from 0 to 100. Readings above 70 indicate overbought conditions and often signal a potential pullback, while readings below 30 indicate oversold conditions and a possible price recovery.

PENGU has an RSI of 51 and the indicator is showing neither strong bullish nor bearish momentum, reflecting market indecision. In the short term, this neutral RSI suggests penguin price Unless a shift in buying and selling pressure pushes momentum in a clear direction, consolidation is likely.

PENGU trend lacks power

PENGU’s DMI chart shows that its ADX is currently at 20.3, slightly below the 25 level recorded the previous day, indicating a weakening in trend strength. The decline in ADX suggests that, despite recent momentum, the market is now entering a phase of diminished directional strength.

With +DI (directional indicator) at 20.7 and -DI at 16.1, the chart reflects a bullish bias. Buying pressure remains stronger than selling pressure, although not as much.

The Average Directional Index (ADX) measures the strength of a trend on a scale from 0 to 100, regardless of its direction. Values ​​above 25 indicate a strong trend, while readings below 20 e.g. promise The current level of 20.3 indicates that the trend is weak or non-existent. A slightly higher +DI compared to -DI suggests continued bullish momentum, but a falling ADX suggests a lack of clear force behind the move.

In the short term, PENGU prices may be capped volatility Unless ADX rises again to confirm a stronger trend, or directional indicators indicate a decisive shift in buying or selling pressure.

PENGU Price Prediction: Will it reach $0.05 in January?

penguin price Up more than 9% in the past 24 hours, taking its market capitalization to $2 billion, making it one of the largest Solana Meme Coinas strong momentum drives bullish sentiment. If this uptrend continues to strengthen, PENGU price may soon test the $0.043 resistance.

A break above this level could open the door to further gains. PEGU targets $0.045 and $0.05, which could approach or even surpass previous all-time highs, surpassing BONK’s market capitalization again.

However, if the trend reverses and bearish momentum takes over, penguin price May face significant adjustments. The nearest strong support is seen at $0.025, a key level which must be held to prevent further losses.