🔵 #Can BTC Break $110K?#
Bitcoin recently broke above $107,000 and is currently trading around $105,000, just shy of its all-time high at $109,580. Do you think Bitcoin can set a new record and push past $110,000? Share your analysis and predictions with us!
🔵 #AI Token Market Cap Rebounds#
According to CoinGecko, the total market cap of the AI agent sector has rebounded to $6.862 billion, with a 1.2% increase in the past 24 hours. Notably, VIRTUAL surged 18.5%, and AI16Z rose 7.1%. Which AI tokens are you bullish on? How are you planning your portfolio strategy? Let’s hear your thoughts!
Pudgy Penguins SuperTrend Turns Bullish as $PENGU Eyes $0.018 Breakout
Daily SuperTrend indicator flipped bullish for $PENGU, marking a trend reversal and confirming sustained buyer strength above the key 0.618 Fibonacci level.
Price is consolidating just below $0.018 resistance, reflecting supply absorption and positioning the market for a potential high-volume breakout toward higher targets.
A decisive break above $0.0180 with strong trading volume could propel $PENGU toward the 0.025 Fibonacci level, offering measured entry and upside.
Pudgy Penguins ($PENGU) is showing renewed technical strength as key indicators support a potential breakout. The price has climbed 14.13% in the last 24 hours, reaching $0.01621.
SuperTrend Flips Bullish After Downtrend
According to a crypto analyst Ali_charts, the SuperTrend indicator on the daily chart has turned bullish for $PENGU. This marks a critical shift after an extended period of downward momentum. The indicator’s flip aligns with a clear breakout above the 0.618 Fibonacci retracement level. That level, now acting as support, is positioned near $0.0113.
The daily candle structure supports this trend reversal. Higher lows and sustained closes above previous resistance levels suggest consistent buyer activity. The SuperTrend support line is rising, offering dynamic short-term support. This formation indicates that the price action is following a constructive pattern and that the bullish momentum is being maintained.
Resistance at $0.0180 Gains Attention
The $0.0180 level, derived from the 0.786 Fibonacci retracement, is emerging as a key resistance. $PENGU is currently consolidating just below this zone. The consolidation reflects a pause in price movement as market participants absorb existing supply.
This phase is crucial because a breakout above $0.0180, especially with strong trading volume, could shift the momentum further. Traders are closely watching this level as a confirmed move past it may open the way toward the next Fibonacci target.
Fibonacci Structure Suggests $0.0250 as Potential Target
If $PENGU breaks past the $0.0180 resistance, the next Fibonacci level at $0.0250 may serve as a technical target. In the tweet, Ali_charts pointed out that this level could act as a price magnet if bullish momentum continues.
The alignment of rising SuperTrend support, firm candle structure, and Fibonacci levels presents a structured setup. The market appears to be positioning for a continuation, and the technical indicators offer a well-defined trading setup with measured risk.
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