Market Overview for Pudgy Penguins/Tether (PENGUUSDT) – 2026-01-09

Generated by AI AgentAinvest Crypto Technical RadarReviewed byAInvest News Editorial Team
Friday, Jan 9, 2026 9:50 pm ET1min read
PENGU
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Aime RobotAime Summary

- Pudgy Penguins/Tether (PENGUUSDT) surged 5.1% on 2026-01-09, forming bullish engulfing patterns above $0.0125 resistance.

- RSI hit overbought levels (75) with positive MACD divergence, while volume/turnover spiked 50% in final 3 hours confirming momentum.

- Price held above 50-period SMA and breached 61.8% Fibonacci retracement, suggesting potential test of $0.0130 psychological level.

- Bollinger Bands expanded post-consolidation, with price closing near upper band amid heightened volatility and no bearish signals from 200SMA.

Summary
• Price surged from $0.01197 to $0.01256 in 5-min chart, forming bullish engulfing patterns near key resistance.
• RSI spiked into overbought territory, while MACD showed strong positive divergence.
• Volume and turnover surged by 50% in the final 3 hours, confirming bullish momentum.
• Price tested and held above the 50-period moving average, indicating short-term strength.
• Bollinger Bands expanded, showing heightened volatility after a consolidation phase.

Pudgy Penguins/Tether (PENGUUSDT) opened at $0.01197, hit a high of $0.013012, and closed at $0.012645 on 2026-01-09 at 12:00 ET, after a low of $0.011762. The pair saw total volume of ~98 million and notional turnover of ~$1.3 million in the 24-hour period.

Structure & Moving Averages


Price formed a strong bullish breakout above key resistance at $0.0125 after a consolidation between $0.0119 and $0.0124. The 50-period moving average was crossed above, suggesting potential for further gains in the near term. The daily 200SMA remains well below current price levels, indicating no major bearish signals in the broader trend.

MACD & RSI


The MACD crossed into strong positive territory with a large histogram, suggesting a continuation of bullish momentum. RSI reached overbought levels near 75, which may indicate short-term profit-taking or a pause in upward movement. However, the divergence between price and RSI remains constructive for now.

Bollinger Bands & Volatility


Bollinger Bands expanded significantly in the last 3 hours of the day, reflecting increased volatility. Price closed near the upper band, which is a positive sign for momentum traders. The recent contraction before the expansion suggests the move was well-timed and could continue.

Volume & Turnover


Volume and turnover saw a sharp increase in the last 3 hours, confirming the bullish breakout. The surge in volume was accompanied by higher highs and strong price action, reinforcing the reliability of the move. No major price-turnover divergence was observed.

Fibonacci Retracements


Price surged past the 61.8% Fibonacci retracement level of the recent downwave from $0.013012 to $0.011762. This suggests strong bullish conviction in the short term. A retest of the 78.6% level could be seen as a possible next target.

Looking ahead,

PENGUUSDT
appears poised for a test of the $0.0130 psychological level, especially if volume remains strong. However, investors should remain cautious of a potential pullback into overbought territory, as this could trigger profit-taking or short-term bearish corrections.