Pengu has given around 500% Rali Sinoz in late June, but technology now indicates a possible change in mentum, losing steam to uptrend.
Summary
- Pengu rose from $ 0.007737 on 22 June to $ 0.046608 on 27 July – just 500%+ profit a month.
- Any way is low in the value, which is a previous low installed to break a high low -speed pattern.
- The RSI despite reaching a new height, formed a little less, which reflects the weak speed.
- Pengu now sits above its trendline and 20-day EMA; A breakdown may trigger deep improvement.
The price of Pudi Penguin (Pengu) has expected to reversed the paralytic Rali Rali with a recession in the end of June. From the bottom of $ 0.007737 on 22 June, the token reached the summit of $ 0.046608 on 23 July, increasing the explosive 500% in just one month.
During this Rali, Pengu was riding a string speed, with the RSI above 60 from the end of June and the price action was riding above the trendline continuously. However, initial signs are emerging that Pengu Rali may have topped.
The sign is at the top of the pengu rally
The most notable warning sign on the RSI shows the deviation of a recession: while the Pengu price was posted at new heights in late July, RSI prints a lower, signaling winner. This disconnect between the value and the mother often occurs before the local top, using overextended rallies like the same witness.
In addition, the price of memecoin is still back to the previous low level, compared to the installation of a highlist. It effectively breaks the pattern of continuous high that defines recent uptrends.
Pengu is not going to hold any trendline and 20-day EMA, both acts as significant support. A clean brake below this conference – detective if the RSI Blow 60 was acquired by a drop.
While the broad structure remains rapidly for now, caution is warrant. If the support bears, the price of the pengu may try another leg, but the weak speed suggests a possible breakdown in the coming sessions.