Cryptocurrency PENGU exhibits significant growth, passing through critical resistance at $0.022 and reaching $0.03340. The increase in volume and relative strength index (RSI) points to strong trader interest.
Price Clears Resistance and Rises
PENGU has cleared significant resistance at $0.022 and rapidly surged to $0.03340. This rise came against a backdrop of increasing volume and rising RSI, suggesting a potential further move towards $0.040.
RSI Spikes and Volume Confirms Strength
On the 15-minute chart, PENGU reached $0.03340 while RSI climbed to 73.41. Volume surged to 14.7K, indicating strong conviction behind the move. There was no upper wick rejection, signaling strong demand.
Clear Target at $0.040
Traders are targeting the $0.040 level as the price has stabilized at $0.03340. If momentum continues, $0.040 remains achievable by day's end. Despite a high RSI, price action still leans bullish.
The dynamics of PENGU underline an increasing interest from institutional investors and a growing fascination with cryptocurrency in general. Market conditions may continue to improve if current trends are maintained.
