2025/7/24 #PENGU# $PENGU Current trend assessment: Pullback phase in a short-term upward trend.

Core basis:
1. Price Trends:
A breakthrough increase has been observed starting from July 21 at 04:00 (0.03716→0.046608, +25.4%)
Recently, 8 candlesticks have shown a pullback (0.045286→0.039871, -12%), but still remain above the level prior to the breakout.
2. Technical Indicators:
MACD: Although DIFF and DEA are still positive (0.00213/0.002575), the histogram has shown six consecutive periods of negative values (-0.000446), indicating a weakening of short-term momentum.
EMA: The fast line (0.040754) is still above the slow line (0.038624), but the gap between the two is narrowing.
RSI: Fell back from the overbought zone (81.93) to the neutral zone (54.71), not yet entering the oversold.
StochRSI: The K value has dropped to 0, indicating a short-term oversold condition.
3. Trading Volume Characteristics:
Significant volume increase during the rise (trading volume reached 100 million on July 21 when it broke through)
During the pullback, the trading volume is decreasing (the latest trading volume is only 15.64 million).
Key Observations:
Support level: 0.03948 (recent low) → If broken, may test 0.037 (previous breakout level)
Resistance level: 0.04159 (previous high) → After breaking through, it may regain upward momentum.
Operation Suggestions:
1. Short-term traders:
Pay attention to the rebound opportunities in the support range of 0.039-0.04.
If the volume drops below 0.039, be wary of a trend reversal.
2. Medium to long-term holders:
As long as the price remains above 0.037, the overall upward trend is not broken.
Observe whether the MACD histogram can confirm new momentum.
The current market is in a normal pullback phase after a breakout, it is recommended to confirm with the next 2-3 candlesticks:
If a long lower shadow appears with a decrease in volume, the upward trend may continue.
If the volume continues to decline and falls below 0.037, it may turn into a range-bound downward movement.