Analyst Ali suggests that the cryptocurrency PENGU might bounce back soon, with the TD Sequential indicator turning into a buy signal on the 4-hour chart.
Resistance areas for traders are often marked by Fibonacci levels, with a forecast that PENGU could reach $0.025 in the next five months.
The TD Sequential indicator is used to predict market trend reversals, signaling a potential increase after a decline, as shown by recent candle patterns for PENGU.
If the positive trend continues, PENGU's mid-term target is predicted to be around $0.025, indicating a potential 100% price increase from current levels.