PENGU Price Sets New Low After 10% Drop in the Last 24 Hours | Airdrop Alert Pro

Pumpy Penguin (PENGU) price surged 12% in the past 24 hours, surpassing BONK to become the world’s largest meme coin Solana ecosystem, with a market capitalization of approximately $2.5 billion.

PENGU’s current uptrend brings it close to a key resistance level, with the potential for a sharp rise if the bullish momentum continues. However, traders are also wary of a possible reversal as the uptrend shows early signs of losing strength.

PENGU RSI now neutral after touching 70

promise Relative Strength Index (relative strength index) is currently at 60.2, down from below 50 two days ago and at 70 a few hours ago. Recent moves reflect strong buying momentum, followed by a slight pullback as the coin falls out of overbought territory.

While the RSI remains in the neutral to bullish range, the decline indicates a cooling of buying activity and may indicate that the market is entering a consolidation phase.

RSI is a momentum oscillator that measures the speed and magnitude of price changes on a scale of 0 to 100. An RSI above 70 indicates overbought conditions, which typically results in a price correction, while an RSI below 30 indicates oversold conditions, signaling a potential rebound.

PENGU’s RSI is 60.2, which puts the coin in healthy territory, indicating there is still room to rise if buyers regain control. However, the recent decline from overbought levels means penguin price Stabilization is likely in the short term, allowing the market to absorb gains before deciding its next direction.

PENGU CMF remains very positive

promise Chaikin Money Flow (CMF) is currently at 0.17, down slightly from the December 25 peak of 0.21. This follows a significant shift in negative CMF values ​​between December 21 and December 23, indicating that buying pressure has intensified significantly over the past few days.

While the CMF remains firmly positive, the slight decline suggests an easing in the intensity of capital inflows but still reflects a bullish market environment.

CMF is a volume-weighted indicator that measures the accumulation or distribution of an asset over time, with values ​​ranging from -1 to +1. Positive CMF values ​​indicate accumulation and strong buying pressure, while negative values ​​indicate allocations and sales activity.

PENGU has a CMF of 0.17 and continued positive inflows suggest buyers are maintaining control, supporting the possibility of price stability or further gains in the near term. However, a modest decline from the recent peak could signal a possible period of consolidation as the market balances recent upward momentum.

PENGU Price Forecast: Further rise of 29.7%?

If the current upward trend continues, penguin price A test of $0.43 is likely soon, a key level that could pave the way for further gains.

A break above this resistance could see PENGU rise to $0.45 or even $0.50, a potential gain of 29.7% from current levels. This will solidify PENGU’s position as the largest company. same corner exist Solana Even.

However, the uptrend may be losing strength, as highlighted by the RSI and CMF, suggesting a reversal is possible. If this happens, promise A test of the $0.37 support is likely, and if it fails to hold, the price may fall further to $0.30.

In the worst-case scenario, a long-term downward trend could push PENGU price as low as $0.229.