The same, built on Solana, notably Pengu and SPX, begin a stabilization phase after a brutal correction. The technical and market data suggest a possible recovery, supported by the gradual return of capital.
In short
- The same, the same, built on Solana, show signs of recovery after a strong correction.
- PEGGE stabilizes around $ 0.030, with resistance at $ 0.037,17. Open Interest climbed 10 % in 24 hours.
- SPX bounces on the lower terminal of an upward wedge and remains above its EMA 50. A crossing of the $ 1,8032 could target $ 2,2817.
PEGGU: stabilization and renewed interest
After losing ground in recent weeks, Pengu seems to find an anchor around $ 0.030. The fall has left traces, but the structure of the market shows a shortness of shortness of selling pressure.
The level of $ 0.0,3717 is currently acting as resistance. A clear crossing of this threshold could open the way to a return to an explosion of the price of Pengu. For the moment, the indicators remain shared: the MacD still displays a lower crossroads, but the histograms are gaining. The downward intensity weakens.
The RSI oscillates at 55close to neutrality. This confirms a waiting period. What attracts attention, however, is the 10 % increase in open interest in 24 hours, now at 407.4 million dollars. This reflects a resumption of risk taking and a return of liquidity.
In the absence of a bullish break, a rejection under $ 0.0,3717 could return Le Pengu to its support at $ 0.02893, level of July 15.
SPX: Technical rebound in a bullish wedge
SPX maintains its position above the exponential mobile average at 50 days, around $ 1,5717. The token reacts on the lower terminal of an ascending wedge, which can indicate a technical recovery if the configuration holds.
Immediate resistance is $ 1,8032, a summit reached in January. The crossing would make it possible to target $ 2,2817, a coherent lens in case of upward acceleration. Again, the indicators are in the transition phase: the MacD is straightening, the RSI returns to balance around 49.
The Open interest of SPX remains stable at $ 146.73 million after a marked drop. This stagnation, coupled with the resilience of the price, suggests consolidation rather than a disengagement. The sellers seem to be on a break.
A lowering scenario remains possible. A net break under $ 1.5,000 would call into question the rebound in progress and opened the way to $ 1,3356, a zone corresponding to the mobile average at 100 days.
Pengu and SPX illustrate the current dynamics of the Solana ecosystem. Despite the extreme volatility of these assets, they capture attention by their resilience. It is not so much their fundamental value that counts here, but their ability to report a return of the appetite for the risk.
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