PENGU Bounces 80% After Massive Crash: Is $0.13 the Next Target?
After falling sharply last week, PENGU is now on the rise again and has recorded a 13% increase in the last 24 hours. Moreover, it has gained 80% since the $0.014 low (on CoinGecko) marked during the market-wide crash.
Channel Support Remains Intact
According to a weekly chart shared by Ali Martinez, PENGU is still holding within a descending channel that has been in place since July. The recent drop caused a long wick below the structure, but the candle closed back inside the channel. The asset is now approaching $0.026, with support seen at $0.023.
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PENGU Bounces 80% After Massive Crash: Is $0.13 the Next Target?
After falling sharply last week, PENGU is now on the rise again and has recorded a 13% increase in the last 24 hours. Moreover, it has gained 80% since the $0.014 low (on CoinGecko) marked during the market-wide crash.
Channel Support Remains Intact
According to a weekly chart shared by Ali Martinez, PENGU is still holding within a descending channel that has been in place since July. The recent drop caused a long wick below the structure, but the candle closed back inside the channel. The asset is now approaching $0.026, with support seen at $0.023.
Read More
XRP Analyst Claims Chart Manipulation, Sets $1.40 Ripple Baseline