Major Cryptos Rally, Dogecoin Lags Behind
- Market Recovery Signal: Ethereum surged 11.7% this week, Solana rose 10%, and Bitcoin increased by 6.4%, indicating a resurgence in market risk appetite, although Dogecoin only gained 4.17%, suggesting that the strong performance of major coins has not yet fully translated to the meme sector.
- Dogecoin's Liquidity Advantage: Dogecoin (DOGE) is currently priced at $0.07537 with a market cap of $11.68 billion and a 24-hour trading volume of $812.2 million, showcasing its status as the liquidity king; however, it experienced a 1.53% decline on a broadly green day, indicating weak market conviction.
- SHIB's Steady Performance: Shiba Inu (SHIB) gained 2.92% this week without any visible catalysts, holding a market cap of $2.56 billion and a low 24-hour trading volume of $73.9 million, suggesting that its holders are not selling, but the low turnover may lead to a lack of market attention.
- PEPE's Strong Rebound: PEPE rose 15.67% this week, with a market cap of $1.12 billion and a 24-hour trading volume of $207.28 million, indicating strong market rotation; however, its lack of an ecosystem story may increase the risk of price volatility.
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Technical Analysis for PENGU
Technical Sentiment Analysis for Pudgy Penguins (PENGU). As of , Pudgy Penguins (PENGU) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 2 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for PENGU stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, PENGU is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Pudgy Penguins (PENGU) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00482 | 0.00535 | 0.0059 | 0.00642 | 0.00697 | 0.00749 | 0.00804 |
| Fibonacci | 0.00535 | 0.00576 | 0.00601 | 0.00642 | 0.00683 | 0.00708 | 0.00749 |
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