The PEGGU price has plunged almost 26% in the past 24 hours, reaching its lowest levels of all time. Formerly the largest piece of memes on Solana, it has now been exceeded by Trump, Bonk and Dogwifhat.
Technical indicators, including the Ichimoku Cloud and the DMI, suggest that the bearish momentum increases, increasing the risk of additional declins. Unless a strong inversion occurs, Pengu could continue to define new short -term stockings.
The Pingui Ichimoku cloud shows a downstream configuration
The Ichimoku cloud painting for Pingou shows a clear bearish trend. The price is negotiated below both the conversion line (blue) and the basic line (red), indicating short -term and medium -term weakness.
The cloud (kumo) is red and sloping downwards, strengthening the lowering feeling. In addition, the late (green) duration is positioned below the price, confirming that the bearish momentum has been dominant.
The price remaining constantly below the cloud, there is no immediate sign of a trend reversal. The widening gap between conversion and basic lines suggests an increase in the bearish momentum.
For a change of trend, the price of the pingou should recover the conversion line and possibly move in or above the cloud or above. However, for the moment, the indicators of Ichimoku continue to show high pressure downward.
DMI PEGGE signals reinforcing downwards
The DMI graph of Pengu shows that its ADX has increased to 20.16 from 14.6 in a single day, which indicates that the strength of the current trend increases.
ADX measures resistance to trend, with values less than 20 suggesting low or indecisive trends, while values greater than 25 indicate stronger trends. The recent increase suggests that the current trend of Pingou is growing, although it is not yet fully established.
Meanwhile, the + DI has dropped sharply from 31.4 to 15.49, signaling a drop in upward pressure, while the -Di went from 16.8 to 37.42, showing a strong domination of sale.
This change confirms that the price of Pingou is in a downward trend, with an increased bearish momentum. With the strengthening of the ADX, the downward trend could persist unless the purchase of pressure returns to counter the domination of the sale.
Pingou prices prediction: will he continue to test new hollows?
Pengu, who has a market capitalization of $ 1.08 billion, is currently negotiated at its lowest levels, falling below $ 0.018 for the first time. Once the largest piece of memes on Solana, it was overwhelmed by Trump, Bonk and Dogwifhat.
Given the lower signals of the Ichimoku and DMI cloud indicators, the probability of falling Pingou is below $ 0.017 seems high. The price remains well below the cloud, while the ADX has increased, confirming that the downward trend is strengthening. The dominance -DDI also supports the continuous pressure of the decline.
However, if the changes in momentum and the price of the pingou can recover key levels, a trend reversal could lead to a resistance test at $ 0.022, with another increase potential if the purchase pressure is strengthened.
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