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PENGU (Pudgy Penguins) has fallen 3.90% in the last 24 hours.
Gate News Bot news, on July 7th, according to CoinMarketCap data, PENGU (Pudgy Penguins) is currently priced at 0.02 USD, having fallen by 3.90% in the last 24 hours, with a highest price of 0.02 USD and a lowest drop to 0.01 USD. The current market capitalization is approximately 983 million USD, which is a decrease of about 39.8406 million USD from yesterday. PENGU is currently ranked 70th in the global Crypto Assets market capitalization.
PENGU recent important news:
1️⃣ eToro platform adds PENGU trading PENGU token has been listed on the social trading platform eToro and is now open for trading. This move increases the liquidity and accessibility of PENGU, providing more investors with the opportunity to participate, which is expected to enhance its market influence.
2️⃣ Price Breaks Key Resistance Level The price of PENGU recently broke through the long-term downtrend line and successfully stood above the 200-day moving average, indicating a potential long-term trend reversal signal. Currently, the range of $0.0175 to $0.020 has become a key resistance area, and breaking through this range may trigger further increases.
3️⃣ Short-term technical indicators show overbought The relative strength index (RSI) of PENGU is in the overbought zone on both the daily and 4-hour charts, at 75.56 and 70.81, respectively. This indicates that the market may be slightly overheated in the short term, posing a risk of a pullback. Meanwhile, a bearish divergence has appeared on the 4-hour chart, suggesting that momentum may be weakening.
From a technical perspective, PENGU is currently near a key resistance level. If it can break through 0.020 USD, it may further rise to the range of 0.022 USD to 0.024 USD. However, short-term technical indicators show overbought conditions, and investors should be cautious of potential pullback risks. On the fundamental side, PENGU's ongoing expansion on mainstream trading platforms and its impressive performance in the "Altcoin Season Index" reflect the market's continued high level of interest in the project.
This message is not intended as investment advice; investors should be aware of the risks of market volatility.