PENGU, a new cryptocurrency now ranked 101st with a market cap of $561 million, trades at about $0.008938. Analysis indicates that PENGU must reclaim the $0.0094 resistance level to signal a potential bullish reversal, with further upside towards $0.0102. Today’s support is only $0.0088. Otherwise, if it wasn’t able to hold, we may have a fall back to the next important support at $0.0082. The Bitcoin Hyper team is preparing for valued investors to participate in the presale and increase the overall value of its HYPER tokens. Currently, these tokens are selling for $0.011925, and they’ve already accrued an astounding $1.38 million!
PENGU's Price Analysis
PENGU’s volatile price action is attracting the attention of speculators. The crypto’s imminent hurdle is to break above the $0.0094 resistance level. Such a successful breach at this level could indicate bullish momentum has returned with forces strong enough to push the price towards $0.0102.
If we don’t reclaim this resistance, we risk creating even more downside. The $0.0088 support level is key in today’s action. If this support level holds, buyers may be looking to push price higher again. The next major support level is at $0.0082.
These support & resistance levels are crucial for traders to keep an eye on, as they may determine PENGU’s short-term price direction. Monitoring these critical support and resistance levels will be key for investors looking to make sense of the unpredictable cryptocurrency market.
HYPER Presale Gains Momentum
As PENGU continues to work out the kinks in its price action, HYPER tokens have made waves with their active presale. Now priced at $0.011925, HYPER has already raised $1.38 million showing a strong demand from investors.
With the Bitcoin Hyper team planning to increase HYPER’s presale value soon, the excitement is further heightened. This planned price increase would create even more motivation for investors to join the presale.
The excitement from the HYPER presale’s success certainly demonstrates the action packed energy of the current crypto market. New projects and tokens are launching every day, attracting new capital.
Expert Insights
Parth Dubey Parth is an experienced crypto journalist with more than five years of experience in the digital asset industry. Turner’s deep experience includes journalism at Fortune and the New York Times covering crypto and finance.
Having survived through both the bear and the bull markets, Dubey has earned a wealth of experience in the industry. His LinkedIn profile, available at https://www.linkedin.com/in/parth-d-25997b1b5/, showcases his professional journey.
Dubey’s insatiable curiosity as a journalist continues to mesh well with his new work as an author. He is the author of four self-published books, a testament to his commitment to educating and informing the crypto community.
