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Peng

PENG/SOL - Raydium (Meme coin)TF: Daily Price Action: Currently in a bearish trend. Broke the previous daily structure, and price pulled back in to the current range supply zone which led the break of structure, Key point: before running into the supply area, price took out the liquidity and then made an internal bos. Currently price is retesting its internal S/R flip zone, which also has a 0.5% of Fib, but as of yet no significant reaction found, if the price starts ranging at the current price levels, I’ll wait for the liquidity to be taken out first before entering a position, or I ‘ll wait for price to come in my demand zone. Buying Ranges: 0.1403 – 0.1120 *NOT A FINANCIAL ADVICE – DYOR!*
RAYDIUM:PENGSOL_AXBDDI.USDLong
by zain9674
Peng: The Next Memecoin to 100X? Here's WhyPeng ($PENG) is a rising meme coin on the Solana blockchain that's capturing attention in the crypto world. It features an adorable penguin character inspired by Pepe the Frog, aiming to bring a fresh and creative vibe to Solana's "degen" (degenerate) scene. Based on my observation of market sentiment and speculation on meme coins, Peng experienced a significant surge earlier this year in 2024, along with other memecoins like $ponke, which are partnered with the Gobit hedge fund. Most projects partnered with this fund have shown a track record of performing well. The significant pullback we observed with Peng could be a sign of weak hands being shaken off or early adopters exiting for liquidity. I believe that as more retail and degenerate traders enter the market, the price of Peng will perform well due to its branding, consistent social media presence, highly active community, and its presence on the Solana network, which makes speculation fees much cheaper. It's important to remember that investing in memecoins is highly speculative, and you should only invest money that you are willing to lose.
Long
by ShinForex1
4
PENG looks ready for the next leg up! A successful escape from the demand zone (green box) with increasing volume, and sticking to the fib levels, we could see this shit test the supply zone (red box) in the next few days. The penguin theme meta is booming on Solana, and PENG is especially prepared for this since it's available to be traded on centralized exchanges. DISCLAIMER: The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied by MysticMads. This is for educational purposes only.
Long
by MysticMads