📊 Current Situation PENGU (29/08/2025)

Current Price: ~0.0288 USDC

Drop in the last 24h: -3.5% approx.

Immediate Support: 0.0284 (already touched).

Nearby Resistance: 0.0306 / 0.0310.

🔎 1h Chart

Candles pressing the lower Bollinger band, indicating oversold or strong bearish pressure.

RSI (if it were visible) likely in the low zone → may provide a technical bounce.

MACD still bearish, with no confirmed bullish crossover.

🔎 1D Chart

Structure of lower highs and lower lows.

EMA 7 and EMA 25 continue to point downwards → overall bearish trend.

However, the price is bouncing off strong support (0.0284 – 0.0290), key defense zone.

🚦 Technical Conclusion

Short-term (1h): there may be a quick bounce towards 0.030–0.031 due to overselling.

Medium-term (1D): as long as it does not break and remain above 0.031–0.032, the trend remains bearish.

Long-term: as long as it does not clearly drop below 0.0284, the bullish scenario is not completely invalidated. If it breaks that level strongly, the next serious support is at 0.026–0.027.