Binance PENGUUSDT 15m Trend Prediction

PENGUUSDT is currently in a clear short-term downtrend. MACD remains in the negative zone and is expanding, while KDJ and RSI are both in oversold areas, but no divergence or signal of bottoming is observed, indicating that the current price has not reached an effective support zone. The Bollinger Bands are contracting with the percentage below the lower band, indicating strong selling pressure in the market. The upper space is suppressed by moving averages, and the dense arrangement of MAs suggests a high probability of further decline. Support point S1 at 0.035566 is the primary short-term target area. Large-volume transactions have driven a decline with increased trading volume. The active buy-sell ratio has risen but failed to halt the falling price, indicating insufficient bullish buying interest, main capital funds leaving the market, or waiting on the sidelines. Although large holders are still holding long positions, the number of accounts is relatively flat or even below 1, further confirming the unclear direction of main players. Bullish participation is weaker than before. The DMI indicator (ADX reaching as high as 39) suggests that the current unilateral trend will continue in the near term rather than shift to consolidation. Short-term oversold RSI generally causes a weak rebound, but with the downside momentum remaining strong, the rebound height is limited and only constitutes a brief technical correction. Based on the 15-minute chart performance and various technical indicators, it is expected that PENGUUSDT will continue to decline with inertia over the next 15 minutes. The short-term target range is 0.0356 to 0.0370, primarily testing support S1. If broken, further significant correction risks should be watched carefully. Trading suggestion: In case of a weak rebound in the short term, avoid chasing longs. Consider light short positions or remaining on the sidelines at higher levels, and wait for clear stabilization signals before considering reversal. If the price drops to around 0.0355-0.036 and a significantly increased volume stop-loss candle appears, consider testing small long positions gradually. Strictly set stop-loss levels to avoid counter-trend fighting.