Market Overview for Pudgy Penguins/Tether (PENGUUSDT)

Generated by AI AgentAinvest Crypto Technical RadarReviewed byAInvest News Editorial Team
Saturday, Jan 10, 2026 9:19 pm ET1min read
PENGU
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Aime RobotAime Summary

- Pudgy Penguins/Tether (PENGUUSDT) formed bearish engulfing patterns and broke below 0.0122 support, signaling strong downward momentum.

- RSI hit oversold levels while Bollinger Bands expanded, indicating heightened volatility and potential short-term stabilization.

- Surging volume at key support levels (0.0122/0.0125) and Fibonacci retracements at 0.0120/0.0123 highlight critical price inflection points.

- A close above 0.01227 could trigger reversal, but breakdown below 0.0120 risks deeper corrections amid bearish technical indicators.

Summary
• Pudgy Penguins/Tether (PENGUUSDT) formed bearish engulfing patterns and broke below 0.0122 support.
• RSI declined to oversold levels, suggesting possible near-term stabilisation or rebound.
• Volume surged near 0.0122 and 0.0125, reinforcing key price inflections.
• Bollinger Bands showed expanding volatility as the price drifted lower.
• Fibonacci retracement levels at 0.0120 and 0.0123 may act as near-term turning points.

Pudgy Penguins/Tether (PENGUUSDT) opened at 0.012608 on 2026-01-09 12:00 ET, reaching a high of 0.012741 and a low of 0.011666 before closing at 0.012047 on 2026-01-10 12:00 ET. Total volume traded over 24 hours was 392,372,575.0, with a notional turnover of 4,712,946.73 USD.

Structure & Formations


The 5-minute chart revealed multiple bearish engulfing patterns, especially between 17:30 and 19:30 ET, as the price collapsed through 0.0122 and 0.0125 support levels. A key doji formed near 0.01205 at 04:45 ET, indicating indecision and a potential short-term floor.

Moving Averages and Momentum


The 20-period and 50-period moving averages on the 5-minute chart showed a clear bearish crossover, reinforcing the downward trend. RSI dropped into oversold territory below 30 by the early morning hours, hinting at a potential rebound or consolidation phase. MACD lines also turned negative and remained below the signal line, confirming bearish momentum.

Volatility and Bollinger Bands


Bollinger Bands expanded significantly during the 17:00–20:00 ET session, reflecting heightened volatility as the price broke key levels. The price remained near the lower band most of the session, indicating a continuation of bearish bias but also setting up potential for a countertrend bounce.

Volume and Turnover


Volume spiked near key support levels at 0.0122 and 0.0125, with a massive volume spike at 03:45 ET (volume of 193.5M) as the price fell to 0.011878. Notional turnover mirrored this, confirming the strength of the move. However, divergence appeared in the late afternoon as volume waned despite continued downward movement, hinting at weakening bearish conviction.

Fibonacci Retracements

Key Fibonacci retracement levels (38.2% at 0.01204, 61.8% at 0.01227) may act as pivot points over the next 24 hours. A close above 0.01227 could signal a short-term reversal, while a break below 0.01203 would confirm deeper bearish intent.

Given the bearish momentum, oversold RSI, and key Fibonacci levels in play, the pair may test 0.01205 as a near-term support. However, risks remain on the downside, and investors should be cautious of a potential breakdown below 0.0120, which could extend the correction further.