Gate Square “Creator Certification Incentive Program” — Recruiting Outstanding Creators!
Join now, share quality content, and compete for over $10,000 in monthly rewards.
How to Apply:
1️⃣ Open the App → Tap [Square] at the bottom → Click your [avatar] in the top right.
2️⃣ Tap [Get Certified], submit your application, and wait for approval.
Apply Now: https://www.gate.com/questionnaire/7159
Token rewards, exclusive Gate merch, and traffic exposure await you!
Details: https://www.gate.com/announcements/article/47889
PENGU's recent trend is quite interesting. After this wave of market movement, all short-term moving averages have risen above to form a solid support level, and the bullish framework has basically been established.
From the technical indicators, RSI has jumped directly from 68 and is now around 80, while the J value has even reached 102. This kind of high-level stagnation often indicates that the main force has a clear intention here. At the same time, MACD has experienced two golden crosses above the zero line, which means the upward momentum is not actually weakening.
From the current position, the bullish signals are still quite clear. However, how to operate specifically still depends on your risk tolerance and holding plan. There is indeed a momentum for a breakout in the short term, but any market can fluctuate, so it's always wise to stay cautious.