Market Update

PENGU, RWA, AI, HYPE – what should you focus on?

  • PENGU is facing downward pressure, with major support at $0.031 and resistance at $0.035.
  • RWA is seeing a steady decline, with support at $0.080 and resistance at $0.0895.
  • HYPE remains range-bound, with a break above $28.25 likely on heavy volume.

The cryptocurrency market continues to be volatile, and with it the focus is on a small number of tokens. Traders are closely watching Pudgy Penguins (PENGU), RWA Inc. (RWA), AI token (AI), and Hyperliquid (HYPE) each experiencing different levels of price action and market activity.

Obese penguins (PENGU) struggle for support

Fat penguins symbol (PENGU) has been on a downtrend recently. The price has fallen by 6.25% in the past 24 hours, and is currently standing at $0.03286. The token saw a gradual decline, with a slight rebound from the low of $0.031.

Source: CoinMarketCap

Despite this, trading volume decreased by 26.71%, indicating a decline in interest in the market. Immediate support is at $0.031, and a break below this level could push the price towards $0.029.

Resistance levels are located at $0.033 and $0.03505. A break above these levels may signal a reversal. However, the symbol’s outlook remains uncertain, with downward momentum dominating the trend.

RWA Corporation (RWA) The downward momentum continues

RWA Company (RWA) as well Facing down pressure. The token is down 9.65% over the past 24 hours, at its current price $0.08027. The price formed new lows, and trading volume fell by 13.55%.

Source: CoinMarketCap

Support is found at $0.080, followed by $0.078 and perhaps $0.075. Resistance is located at $0.083 and $0.0895, and a recovery above these levels indicates a possible trend reversal.

Market capitalization and high trading volume indicate that any large buy or sell orders can significantly affect the price. Investors should watch for signs of stabilization or further decline.

Artificial Intelligence ($AI) token has low activity and limited trading range

The AI ​​token ($AI) is currently in a sideways trading pattern, with little volatility. The price stands at $0.000528Reflecting a slight decrease of 0.43%. Trading volume decreased by 30.88%, highlighting the decline in interest in the market.

Source: CoinMarketCap

Major support was found at $0.00051, followed by $0.00050. Resistance levels are located at $0.00053 and $0.00055, and any break above these levels could indicate bullish momentum. However, the low volume and small cap status make the token very special, and traders should be careful about price manipulation.

Liquid Excess (HYPE) is range-bound with limited movement

Fluid Excess (HYPE) is currently present Swinging between $26.50 and $28.25, which indicates indecision in the market. Despite a 0.31% increase in the last 24 hours, trading volume decreased by 20.50%.

Read also : HYPE, VIRTUAL, ONDO: Altcoins define the upside for cryptocurrencies

Source: CoinMarketCap

Immediate support lies at $27.50, followed by $26.50. Resistance levels are located at $28.25 and $28.50. A break above $28.25 could spark a rally, but sustained buying interest is needed to confirm this. With relatively low and moderate trading volume, token price movements can be affected by larger market orders.

Disclaimer: The information provided in this article is for informational and educational purposes only. The article does not constitute advice or financial advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the use of said content, products or services. Readers are advised to exercise caution before taking any action regarding the Company.

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