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$PENGUIN /USDT Technical Analysis
The asset is showing a recovery of +7.03%, yet remains trapped below major moving averages like the MA30 at 0.08776, which acts as a stiff short-term ceiling.
Immediate Resistance: The first major level to watch is 0.09635, followed by the recent peak at 0.12500.
Key Support: Strong buying interest is visible near the 0.07916 zone. A deeper floor is established at the recent swing low of 0.06770.
Outlook: The MACD indicates a slight bearish momentum with a negative histogram, suggesting caution until a breakout above 0.088 occurs.
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