Investors are increasingly turning to precious metals as gold and silver reach historic highs. In this context, Tom Lee, head of research at BitMine, states that the trend indicates something more than mere short-term speculation; it is a "real and genuine asset class" driven by geopolitical uncertainty, dollar weakness, and moderate central bank policies.
Lee insists that this is not bad for stocks, but he does highlight that the performance of cryptocurrencies has lagged. Historically, periods when metals rise sharply are often followed by gains in Bitcoin and Ethereum once the metals stabilize.
PENGU: Bullish Divergence and Silent Accumulation by Whales
From a structural standpoint, PENGU is doing something technically constructive. The token has been operating within a descending wedge, a pattern that usually precedes a reversal.
The price marked a lower low between December and January, while the RSI (Relative Strength Index) formed a higher low, a bullish divergence suggesting that selling pressure is weakening.
This signal has already materialized an 18% rally since the low on January 25, but the reversal is not yet definitive. If PENGU manages to break above the upper trend line, the pattern projects a potential move of up to 75%.
On-chain data reveals the reason for this stabilization. In the last 24 hours, PENGU whales increased their holdings by 23.6%, raising the total supply controlled by large holders to approximately 1,130 million tokens.
What is noteworthy is the contrast: while whales are buying aggressively, positive social sentiment has plummeted by 95% since mid-January. This suggests that the rally is due to the positioning of large investors, not widespread public enthusiasm.
Derivative data adds a layer of risk. PENGU long positions on Binance outnumber shorts by approximately 160%, creating the risk of a "long position squeeze" if the price falls.
Key levels define the outcome: a sustained move above $0.0122 would strengthen the bullish scenario, while a drop below $0.010 would increase the risk of liquidation.
