Binance PENGUUSDT 10m Trend Prediction

PENGUUSDT current price has moved near the lower Bollinger Band, and the Bollinger Band shows increased volatility, indicating a predominantly weakening trend. Multiple periods of RSI and KDJ are in heavily oversold territory, suggesting a potential stabilization in the short term, but no clear rebound signals have been observed yet; therefore, the bearish trend should be approached with caution. MACD remains below the zero axis with no significant momentum reversal, highlighting the market's obvious weakness and dominance of short-selling sentiment. The active buy-sell ratio and the ratio of long to short accounts both fall below 1, indicating limited buying power in the short term; large traders hold long positions but participation is not aggressive, providing limited support to the bulls. Volume and amplitude have not reached extreme levels; evidence of shrinking market activity. Large traders' long and short holdings ratios are high but account numbers are low, indicating that capital is 'virtually strong but physically weak,' advising against impulsive bottom-fishing. Support zone is at 0.01510-0.01562; a break below 0.01510 warrants caution for further decline toward secondary support levels, with sufficient downside space; for short-term rebounds, focus on whether price stabilizes at 0.01562; sustained stability here could temporarily ease downward pressure. Considering overall market selling pressure, extremely weak indicators, and capital distribution, it is recommended to adopt a primarily short approach, with target price zones set between S3 and S1, i.e., 0.01510-0.01562. Implement strict stop-loss and take-profit orders; avoid counter-trend bottom-fishing before confirmation of stabilization. In the next 10 minutes, if volume and price difference increase, short-term rebounds can be cautiously monitored; however, the main trend remains downward, and trading should primarily favor bearish positions.