Market Overview for Pudgy Penguins/Tether (PENGUUSDT)

Generated by AI AgentAinvest Crypto Technical RadarReviewed byAInvest News Editorial Team
Thursday, Jan 1, 2026 8:54 pm ET1min read
PENGU
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Aime RobotAime Summary

- PENGUUSDT formed bullish engulfing patterns after 03:45 ET, breaking above Bollinger Bands during Asian trading.

- RSI entered overbought territory above 70 while volume spiked 17:00–17:45 ET, confirming bearish reversals.

- Key Fibonacci levels at 0.00878 (38.2%) and 0.00862 (61.8%) emerged as critical for near-term direction.

- Price crossed above 20/50-period moving averages by 04:00 ET, but MACD divergence at 05:00 ET signaled potential trend pause.

Summary
• Price formed bullish engulfing patterns after 03:45 ET, signaling short-term strength.
• Volatility expanded as PENGUUSDT traded above Bollinger Band highs during the Asian session.
• RSI reached overbought territory, suggesting possible near-term pullback.
• Volume spiked during the 17:00–17:45 ET time frame, confirming price action.
• Fibonacci retracement levels at 0.00878 and 0.00862 appear to be key for near-term direction.

Pudgy Penguins/Tether (PENGUUSDT) opened at 0.008789 on 2025-12-31 17:00 ET and closed at 0.008802 on 2026-01-01 12:00 ET, reaching a high of 0.009068 and a low of 0.008604. Total volume was 453,032,070.0 units, with a notional turnover of approximately 4,093,176.37.

Structure and Candlestick Formations


Price action showed a strong bullish engulfing pattern following a bearish session at 03:45 ET, which indicated a reversal and potential continuation of the uptrend. A key support level appears at 0.00864 (61.8% Fibonacci level), while a major resistance at 0.00878 (38.2% Fibonacci) was tested multiple times. A long upper shadow at 06:15 ET suggests rejection at higher levels and increased consolidation.

Volatility and Momentum



Volatility widened significantly during the Asian and European sessions, with the price extending above the upper Bollinger Band at 0.008941. Momentum, as reflected in the RSI, approached overbought levels above 70 at 14:30 ET and remained elevated, suggesting a potential correction.

Volume and Turnover Analysis


Volume and turnover showed a strong positive correlation during the 17:00–17:45 ET period, confirming the bearish reversal seen during that time. A divergence appeared at 04:30 ET when turnover declined despite a continued price rise, hinting at weakening bullish conviction.

Moving Averages and MACD

On the 5-minute chart, the price crossed above both the 20-period and 50-period moving averages by 04:00 ET, reinforcing the bullish bias. The MACD histogram showed divergence at 05:00 ET, suggesting a potential pause in the upward trend ahead.

Pudgy Penguins/Tether may find direction in the near term based on how it interacts with key Fibonacci levels and its ability to stay above the 50-period moving average. Traders should be cautious of a potential overbought pullback and monitor volume for signs of conviction or exhaustion in the next 24 hours.