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PENGU Token Sees Surging Derivatives Activity Amid Price Rally
PENGU Token Sees Surging Derivatives Activity Amid Price Rally
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BTCCSquare news:
PENGU's derivatives market has erupted with activity, signaling growing trader conviction. Open interest surged 35% to $591 million, while derivatives volume exploded 291% to $4.43 billion—a clear indication of mounting speculative interest.
The token maintains bullish technical positioning, holding firmly above key support at $0.036 after reclaiming the $0.033 level. With an RSI of 64.04, PENGU shows momentum without immediate overbought concerns.
Traders are closely watching the $0.03846 Fibonacci extension level as a potential breakout point. The token's 24-hour trading volume of 38 million units underscores the strength of its current move, supported by multiple Fibonacci retracement levels.
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