Market Overview for Pudgy Penguins/Tether (PENGUUSDT)

Generated by AI AgentAinvest Crypto Technical RadarReviewed byAInvest News Editorial Team
Tuesday, Dec 23, 2025 8:27 pm ET1min read
USDC
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Aime RobotAime Summary

- PENGUUSDT dropped to 0.008633, forming bearish momentum with a 24-hour low and bearish engulfing pattern near 0.009251.

- Volatility surged above 40 million at 0.008818, with Bollinger Bands widening to reinforce the downtrend continuation.

- RSI approached oversold levels near 0.008741, suggesting potential short-term buying interest despite sustained bearish bias.

- Key support at 0.008741 remains critical, with Fibonacci levels indicating possible retests below 0.008868 in the near term.

Summary
• PENGUUSDT declined from 0.009342 to 0.008969, forming bearish momentum with a strong 24-hour low at 0.008633.
• A potential bearish engulfing pattern appeared near 0.009251, confirming a short-term reversal.
• Volatility expanded after midday, with volume surging above 40 million at 0.008818.
• Bollinger Bands widened in the afternoon, suggesting a possible continuation of the current downtrend.
• RSI approached oversold territory near 0.008741, hinting at short-term buying interest.

The Pudgy Penguins/Tether pair opened at 0.00932 on 2025-12-22 12:00 ET, peaked at 0.009342, and closed at 0.008969 on 2025-12-23 12:00 ET, with a low of 0.008633. Total 24-hour volume reached 549,365,424.0, while notional turnover amounted to approximately 4,963,369.16 USDT.

Structure & Formations


Price action showed a bearish bias throughout the session, with a key support level forming around 0.008741 and a critical resistance area near 0.009251. A bearish engulfing pattern developed after the midday low, followed by a pullback that failed to reclaim the key 0.009100–0.009150 range.

Moving Averages


On the 5-minute chart, price closed below the 20-period and 50-period moving averages, reinforcing the bearish trend. Daily moving averages (50/100/200) were not provided but are expected to remain bearish given the extended downside.

MACD & RSI


MACD lines remained below zero for much of the session, indicating weak momentum. RSI dipped to 29.2 near the session's 24-hour low, suggesting a potential short-term rebound.

Bollinger Bands


Bollinger Bands expanded in the afternoon, particularly after 0.008818, signaling rising volatility and an ongoing bearish move. Price remained below the 20-period lower band for most of the session.

Volume & Turnover


Volume spiked sharply between 0.008818 and 0.008741, with the largest single 5-minute volume spike at 77.9 million around 0.008818. Turnover moved in sync with price, confirming the bearish trend during the session’s key moves.

Fibonacci Retracements


Recent 5-minute swings suggest that key Fibonacci levels lie at 0.009055 (38.2%), 0.008961 (50%), and 0.008868 (61.8%). The price appears to have stalled at the 61.8% level and could test 0.008741 again in the short term.

Price may remain pressured near 0.008741 unless a strong rebound occurs. Traders should watch for a potential bounce or breakdown below that level, with risks skewed to the downside in the next 24 hours.