PENGU’s Hourly Moving Averages Align Bullishly as Daily Chart Stays Neutral
Photo: TokenPost
Pudgy Penguins (PENGU) was quoted at $0.007812 on Binance in an Oct. 28 snapshot, with bullish hourly moving-average alignment but a neutral daily chart below three key averages. PENGU was below its 20-day exponential moving average (EMA) at $0.007913, its 200-day EMA at $0.007920 and its 50-day EMA at $0.008099. The snapshot showed an open candle, and the hourly setup required a close above $0.007851 for bullish confirmation. It did not establish that the threshold had been met. A close below $0.007786 was the lower hourly level in the setup. Momentum readings differed by timeframe.
Source: TokenPost
