PENGU Drops 10%, Risks Losing Market Cap Position to BONK

BE[IN]CRYPTO01-08

PENGU price drops 10% in 24 hours as momentum slows; RSI falls from 70 to 52.3, signaling reduced buying pressure. ADX rises to 36.6, indicating stronger bearish trend potential; selling pressure ...

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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPENGU Drops 10%, Risks Losing Market Cap Position to BONK\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-01-08 07:55 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://beincrypto.com/pengu-risks-losing-to-bonk/><strong>BE[IN]CRYPTO</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>PENGU price drops 10% in 24 hours as momentum slows; RSI falls from 70 to 52.3, signaling reduced buying pressure.\nADX rises to 36.6, indicating stronger bearish trend potential; selling pressure ...</p>\n\n<a href=\"https://beincrypto.com/pengu-risks-losing-to-bonk/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ADX","symbol_name":"亚当斯快递","start_time":0,"source_url":"https://beincrypto.com/pengu-risks-losing-to-bonk/","article_id":"2501766231","we_media_id":null,"thumbnails":["https://beincrypto.com/wp-content/uploads/2024/05/bic_Airdrop_1-covers_neutral-850x478.jpg.optimal.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2501766231","pubTimestamp":1736294100,"columns":[],"sourceInfo":{"source_id":"beincrypto_highlight","name":"BE[IN]CRYPTO"},"weMediaInfo":null,"summary":"PENGU price drops 10% in 24 hours as momentum slows; RSI falls from 70 to 52.3, signaling reduced buying pressure.ADX rises to 36.6, indicating stronger bearish trend potential; selling pressure increases as +DI weakens and -DI gains.PENGU risks falling below $0.034 support; renewed hype could target $0.0439 resistance and push prices above $0.05.PENGU price has dropped roughly 10% in the last 24 hours after becoming Solana’s biggest meme coin. Despite its recent popularity, the asset’s momentum has slowed, with technical indicators suggesting potential consolidation or further downside.The Relative Strength Index  has fallen sharply from 70 to 52.3, indicating reduced buying pressure. If PENGU’s hype reignites, however, it could regain upward momentum and test key resistance levels.The Relative Strength Index  for PENGU is currently at 52.3, a significant drop from yesterday’s overbought level of 70. RSI is a widely used momentum indicator that measures the speed and magnitude of pric","collect":0,"end_time":0,"defaultTopTitle":"beincrypto.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"ADX":"亚当斯快递","RSI":"Rush Street Interactive, Inc.","BK4150":"赌场与赌博"},"translate_title":"PENGU下跌10%，市值地位可能被BONK夺走","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ADX":1,"RSI":1},"content_text":"PENGU price drops 10% in 24 hours as momentum slows; RSI falls from 70 to 52.3, signaling reduced buying pressure.\nADX rises to 36.6, indicating stronger bearish trend potential; selling pressure increases as +DI weakens and -DI gains.\nPENGU risks falling below $0.034 support; renewed hype could target $0.0439 resistance and push prices above $0.05.\n\nPENGU price has dropped roughly 10% in the last 24 hours after becoming Solana’s biggest meme coin. Despite its recent popularity, the asset’s momentum has slowed, with technical indicators suggesting potential consolidation or further downside. \nThe Relative Strength Index (RSI) has fallen sharply from 70 to 52.3, indicating reduced buying pressure. If PENGU’s hype reignites, however, it could regain upward momentum and test key resistance levels.\nPENGU RSI Is Going Down Fast\nThe Relative Strength Index (RSI) for PENGU is currently at 52.3, a significant drop from yesterday’s overbought level of 70. RSI is a widely used momentum indicator that measures the speed and magnitude of price changes on a scale from 0 to 100. \nValues above 70 typically indicate overbought conditions, suggesting a potential for a pullback, while values below 30 signal oversold conditions, often pointing to a possible recovery. An RSI around 50 indicates neutral momentum, where buying and selling pressures are relatively balanced.\nPENGU RSI. Source: TradingView.\nWith PENGU’s RSI now at 52.3, the indicator suggests a period of consolidation in the short term. This level reflects reduced buying activity compared to recent highs but still maintains a slightly bullish bias. If the RSI holds steady or moves higher, it could signal a resumption of upward momentum. \nConversely, a further drop below 50 might indicate a waning bullish sentiment, potentially leading to additional price consolidation or minor declines. If that happens, PENGU could be surpassed by BONK as Solana’s biggest meme coin.\nPENGU DMI Chart Shows the Downtrend Could Get Stronger\nPENGU Average Directional Index (ADX) is currently at 36.6, rising significantly from 20 just three days ago. The ADX measures the strength of a trend on a scale from 0 to 100, with values above 25 indicating a strong trend and below 20 suggesting weak or absent momentum. \nA rising ADX signifies increasing trend strength, regardless of whether the trend is bullish or bearish.\nPENGU DMI. Source: TradingView.\nMeanwhile, the directional indicators provide insight into the trend’s nature. The +DI, which represents buying pressure, has declined to 25.4 from 35 a day ago, indicating weakening bullish momentum. Conversely, the -DI, reflecting selling pressure, has increased to 14.6 from 8.4, signaling growing bearish activity. \nIf the +DI continues to drop and the -DI rises further, PENGU price could face increased selling pressure, confirming a bearish reversal in the short term.\nPENGU Price Prediction: Will It Fall Below $0.03 Again?\nPENGU EMA lines currently suggest a bullish setup, but recent price action indicates the coin may be entering a downtrend. If the bearish momentum intensifies, PENGU could test the support at $0.034. \nFailure to hold this level might lead to further declines, with $0.0296 and $0.0251 emerging as key levels to watch. The latter is near PENGU’s historical lows.\nPENGU Price Analysis. Source: TradingView.\nOn the other hand, PENGU has garnered significant attention in recent weeks, entering the top 10 ranking among the largest meme coins. If the hype surrounding the coin revives, PENGU could retest the $0.0439 resistance. \nA breakout above this level, coupled with renewed bullish momentum, might propel PENGU price above $0.05 for the first time.\n\n\n\n\nBest crypto platforms in Europe | January 2025\n\n\n\nWirex\nExplore\n                      \n\n\n\n\n\nYouHodler\nExplore\n                      \n\n\n\n\n\neToro\nExplore\n                      \n\n\n\n\n\nPhemex\nExplore\n                      \n\n\n\n\n\nMargex\nExplore\n                      \n\n\n\n\n\n\n\n\nBest crypto platforms in Europe | January 2025\n\n\nWirex\n\n\n\n\n\n\n\n\nYouHodler\n\n\n\n\n\n\n\n\neToro\n\n\n\n\n\n\n\n\nPhemex\n\n\n\n\n\n\n\n\nMargex","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.30.2","shortVersion":"4.30.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2501766231"}