PENGU Was Below Three Daily EMAs as Short-Term Momentum Weakened
Photo: TokenPost
Two Oct. 22 technical readings put PENGU below all three daily averages, though they differed on price and average values, leaving separate views of the token’s trend. One reading listed Pudgy Penguins (PENGU) at $0.007844, below its 20-day exponential moving average (EMA) of $0.008122, 50-day EMA of $0.008218 and 200-day EMA of $0.007854. A separate reading at 6:08 a.m. ET (10:08 UTC) put PENGU at $0.007819, with the averages at $0.008093, $0.008202 and $0.008123, respectively. Both readings placed the token below each average. Daily momentum indicators improved, while shorter-term readings weakened.
Source: TokenPost
