Pengu Rallies 68 % per week! Drawing maps of its way to $ 0.018 and beyond star-news.press/wp

• The penguin gathered by 68 % with a high size of the stain and the SUPERTREND new signal.
• The short pressure depends on approximately $ 0.018, as technology and references are in line with the possibility of penetration.

Penguins (Penguins) More than 68 % have risen in the past seven days, and the SuperRend index turned into a bullish sign for the first time in months.

This gathering follows the extended accumulation phase and bringing the distinctive symbol near critical resistance at $ 0.018.

At the time of this report, the penguin was traded by about $ 0.0162, indicating a strong upward momentum. The question now is whether the bulls can maintain this gathering and lead to the next station about $ 0.028.

Source: x/ali

The height of the instant penguin market increased with the flow of buyers

The immediate size bubble map turned into “heating”, noting a significant increase in the activity of the purchase side via the stock exchanges.

This increase in the folder reflects the participation of the renewable market and real demand instead of procedures that depend on speculative derivatives.

Such height is often preceded by sustainable marches, especially when he associated with a strong strong heart. Therefore, this height can be in interest to constitute a solid base for continuous price strength.

If the size continues or climbs more, the resistance of $ 0.018 may decrease sooner and not later, which paves the way to extend a greater rise.

Source: Cryptoquant

Mixed financing rates: Will the short pants raise the next leg?

Funding rates are still conflicting across the stock exchanges.

At the time of writing this report, while the Binance assembly rate turned into a bit positive by 0.01 %, the most likely average OI remained negative by -0.0329 %. This indicates that many merchants are still holding short positions despite the last gathering.

If the bullish momentum continues, this may lead to a wave of short liquidation, which increases the movement of prices.

Therefore, the remaining short pressure may act against itself, which strengthens the bullish direction with the rush of merchants to cover positions.

This tightening the rope between feelings and momentum paves the way for high fluctuations.

Source: Santime

The Mac and SAR alignment enhances the biographical bias

Technical indicators do not show any signs of weakness.

At the time of the press, pushing the MACD line top of the signal line, indicating the rise in the upward momentum.

Meanwhile, SAR points remained less than the current price structure, confirming the strength of the direction. The main support levels stabilize at $ 0.0151 and $ 0.0114, while $ 0.018 remains the decisive resistance to win.

With flashing trends tracking tools, the bulls appear to be firmly controlled at least at the present time. The longer the penguin carries its structure, the more confidence traders.

Source: TradingView

The next liquidation collection: Can 0.018 dollars a chain reaction?

The Heatmap Binance map shows the liquidation of heavy collections of the stacked short references about $ 0.0173 to $ 0.018.

With the trading of the penguin near this area, any batch of more than $ 0.018 can lead to a successive liquidation, which speeds up the upward trend about $ 0.028.

These trapped short pants are the fuel of volatility. Therefore, this price area is not just technical resistance but the turning point for a wider response in the market.

Clean collapse can release aggressive momentum, which attracts more participants to this step.

Source: Coinglass

Will the penguin penetrate $ 0.018 and extend its rally?

The possibilities tend to be in favor of an outbreak of more than $ 0.018, with the support of high immediate demand, upward technical signals, and the increase in short pressure.

If the momentum continues and the liquidation groups operate, the penguin can quickly rise towards a level of $ 0.028.

However, continuous purchase pressure is necessary – another rejection at $ 0.018 can stop the assembly.

The next few trading will be it is very important in determining whether the bulls can turn $ 0.018 to a solid launch platform or if Rally Fizoff before take off.