The fall of penguins’ feet; The SEC postponed the review of Pango ETF for the second time!
While the Pengo price is above the 50-day moving average, it is still below the 100- and 200-day averages, and the relative strength index (RSI) has decreased from 71 to 57, which is a sign of profit taking by traders.
In the derivatives market, traders’ behavior has been differe; In Binance and OKX exchanges, the volume of purchases has increased, but in Baybit, the volume of transactions has decreased slightly.
Investors are now monitoring PENGU’s next trend in light of US economic data to ideify buying and selling opportunities.
