PENGU's recent price movements indicate a potential bullish reversal, as the cryptocurrency shows signs of recovery from its previous downtrend. According to the official information, investors are closely monitoring key support levels that could dictate the future trajectory of the asset.
Critical Support Level at 0.00117
The critical support level at 0.00117 has emerged as a significant demand zone, suggesting that buyers are stepping in to accumulate PENGU at this price point. This shift from a downtrend to a phase of accumulation reflects growing interest among investors, which could signal a change in market sentiment.
Potential Price Increase Towards Resistance Level
Should the support at 0.00117 hold firm, analysts predict a possible price increase towards the next resistance level at 0.00136. This potential upward movement could attract further attention from traders looking to capitalize on the bullish momentum.
Recently, ASTER demonstrated significant strength against Bitcoin, marking a notable shift in the cryptocurrency market. For more details on this development, you can read the full article here.
