$PENGU active buying/selling ratio at 1.415, yet the price only moved from 0.009952 to 0.01014; over the last 24h it’s up 9.87%, hovering right under the high of 0.010175—buy orders are chewing, but the price can’t keep up!
Position value up 2.8% to 38.38 million; in the last 1 hour the trading value is only 0.93x the 24h hourly average. Funding rate up +0.005%, with longs paying a small fee. Adding positions but with shrinking volume—the ones chasing aren’t that many.
To keep this going, it needs to hold above the 24h high of 0.010175; if it slips back below 0.009952 (the level from 1 hour ago), this buy-side setup won’t hold.
#PENGU
Position value up 2.8% to 38.38 million; in the last 1 hour the trading value is only 0.93x the 24h hourly average. Funding rate up +0.005%, with longs paying a small fee. Adding positions but with shrinking volume—the ones chasing aren’t that many.
To keep this going, it needs to hold above the 24h high of 0.010175; if it slips back below 0.009952 (the level from 1 hour ago), this buy-side setup won’t hold.
#PENGU
