The penguin price has decreased about 26 % in the past 24 hours, as it reached its lowest level ever. Once the largest Mimi currency on Solana, it was now overcome by Trump and Bonk and Hat.
Technical indicators, including Ichimoku Cloud and DMI, indicate that the declining momentum is still growing, which increases the risk of more declines. Unless a strong reflection occurs, the penguin can continue to put its lowest level in the short term.
Pengu Ichimoku Cloud offers a declining preparation
The Ichimoku cloud chart is shown for a clear, high -end direction. The price is traded without both the (blue) transfer line and the basic (red) line, which indicates a short and medium -term weakness.
The cloud (Komo) is red and down, which enhances the descending feelings. In addition, the delay period (green) is placed under the price, which confirms that the declining momentum was dominant.
With the price remaining under the cloud, there are no immediate signs of the reflection of the direction. The wider gap between the basic lines and the basis suggests an increase in downtling momentum.
To turn the trend, the penguin price will need to restore the transfer line and move in the end to the cloud or over it. However, at the present time, Ichimoku indicators continue to show strong negative pressure.
Pengu DMI signs promote the declining direction
The PenGu DMI chart explains that ADX has risen to 20.16 out of 14.6 in just one day, indicating that the current trend strength is increasing.
ADX measures the strength of the trend, with values less than 20 indicates weak or inconclusive directions, while values are higher than 25 to stronger directions. The recent increase indicates that the current direction of the road is gaining momentum, although it has not been fully established yet.
Meanwhile, Di +decreased sharply from 31.4 to 15.49, indicating a decrease in bullish pressure, while -Di rose from 16.8 to 37.42, indicating strong sale of sale.
This shift confirms that the price of the penguin is in a declining direction, with an increase in the declining momentum. With ADX reinforcement, the downward trend can continue unless the pressure purchase is due to the fact that the dominance of the sale.
Penguin Prices Prediction: Will you continue testing its lowest levels?
Pengu, which is $ 1.08 billion, is currently trading at its lowest level ever, with less than $ 0.018 for the first time. Once the largest Mimi currency on Solana, it was crossed by Trump, Bonk, and Dofuvis.
Looking at the declining signals from both Ichimoku Cloud and DMI indicators, the possibility of the penguin decrease less than $ 0.017 looks high. The price remains much lower than the cloud, while the ADX rose, which confirms that the downward trend is enhanced. The dominance of -Di supports continuing negative pressure.
However, if the transformations of momentum and the penguin price can recover the main levels, the reflection of the trend may lead to the resistance test at $ 0.022, with other potential in the upward direction if the purchase pressure is enhanced.
Disintegration
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