- PENGU faces bearish pressure, with key support at $0.031 and resistance at $0.035.
- RWA sees continued decline, with support at $0.080 and resistance at $0.0895.
- HYPE remains range-bound, with potential for breakout above $28.25 on high volume.
The crypto market continues to fluctuate, and with it a few certain tokens are in focus. Traders are closely watching Pudgy Penguins (PENGU), RWA Inc. (RWA), AI token (AI), and Hyperliquid (HYPE) as each experiences varying levels of price movement and market activity.
Pudgy Penguins (PENGU) Struggling for Support
Pudgy Penguins token (PENGU) has been in a bearish trend recently. The price has dropped 6.25% in the last 24 hours, currently standing at $0.03286 . The token has experienced a gradual decline, with a slight recovery from the $0.031 low.
Source: Coinmarketcap Despite this, trading volume has decreased by 26.71%, indicating reduced market interest. Immediate support is at $0.031, and a break below this level could push the price towards $0.029.
Resistance levels are at $0.033 and $0.03505. A breakout above these levels could signal a reversal. However, the token’s outlook remains uncertain, with bearish momentum dominating the trend.
RWA Inc. (RWA) Bearish Momentum Continues
RWA Inc. (RWA) is also facing downward pressure. The token has dropped 9.65% in the last 24 hours, currently priced at $0.08027 . The price has formed lower lows, and trading volume has decreased by 13.55%.
Source: Coinmarketcap Support is found at $0.080, followed by $0.078 and potentially $0.075. Resistance lies at $0.083 and $0.0895, with a recovery above these levels signaling a possible trend reversal.
The market cap and high trading volume suggest that any large buy or sell orders could significantly impact the price. Investors should watch for signs of stabilization or further decline.
AI Token ($AI) Low Activity and Range-Bound Trading
The AI token ($AI) is currently in a sideways trading pattern, with little volatility. The price stands at $0.000528 , reflecting a minor 0.43% decline. Trading volume has dropped by 30.88%, which highlights reduced market interest.
Source: Coinmarketcap Key support is found at $0.00051, followed by $0.00050. Resistance levels are at $0.00053 and $0.00055, with any breakout above these levels potentially signaling bullish momentum. However, the low volume and micro-cap status make the token highly speculative, and traders should be cautious about price manipulation.
Hyperliquid (HYPE ) Range-Bound with Limited Movement
Hyperliquid (HYPE ) is currently oscillating between $26.50 and $28.25, showing indecision in the market. Despite a 0.31% increase in the last 24 hours, trading volume has decreased by 20.50%.
Read also : HYPE, VIRTUAL, and ONDO: Altcoins Defining the Crypto Bull Run
Source: Coinmarketcap The immediate support is at $27.50, followed by $26.50. Resistance levels are at $28.25 and $28.50. A breakout above $28.25 could trigger a rally, but sustained buying interest is needed to confirm this. With a relatively low float and moderate trading volume, the token’s price movements could be influenced by larger market orders.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
