Binance PENGUUSDT 15m Trend Prediction

From the 15-minute candlestick chart trend, the price has been oscillating downward from the high near 0.046, with no obvious rebound observed; recent trading volume has occasionally increased but has not led to a price reversal, indicating heavy selling pressure. The upper, lower, and middle bands of the Bollinger Bands are highly converged, and the price is near the lower band, showing that the market is in a downward channel with no effective convergence of downward space; there may be a short-term test of lower support levels. The MACD fast and slow lines remain in the negative zone with no sign of a golden cross, indicating that the short-term downtrend continues. The RSI and KDJ indicators are almost all in oversold territory, but quick rebounds are unlikely, reflecting a typical weak and oscillating downward market. The DMI indicator shows extremely strong bearish momentum, with the ADX above 35 confirming a strong trend; therefore, the probability of continued decline in the short term is very high. Support level S1 is at 0.035566, with the target zone estimated between 0.03560 and 0.03650, with some buying support and short-term repair space. In terms of capital flow, although active buy-sell ratios and large holder long positions still provide support, the indicator of long-short account ratio leans slightly bearish, and overall incremental funds are insufficient to change the trend. The outlook mainly remains downward or weak consolidation. It is recommended to avoid chasing longs and wait for further pullback to support bands before reassessing potential rebounds.