Pudgy Penguins (PENGU), RWA Inc. (RWA), AI Token ($AI), and Hyperliquid (HYPE) Struggle to Find Direction as Crypto Market Fluctuates

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.

Cryptocurrency prices remained largely stable on Monday evening, as the market experienced minimal fluctuations.

Among the tokens that saw some movement were Pudgy Penguins (PENGU), RWA Inc. (RWA), AI token (AI), and Hyperliquid (HYPE ).

Here's a closer look at each token's price action and market activity.

1. Pudgy Penguins (PENGU) Faced Pressure, Support Crucial

The price of Pudgy Penguins token (PENGU) experienced a decline of 6.25% in the last 24 hours, bringing the token to a trading price of $0.03286 at the time of writing.

The token has been in a bearish trend recently, gradually decreasing in value after recovering slightly from the $0.031 low.

Moreover, the token encountered a decrease in trading volume by 26.71%, indicating a lower level of market interest in the token.

Immediate support is present at $0.031, and a break below this level could lead to a further decline towards $0.029.

On the other hand, resistance levels are at $0.033 and $0.03505. A breakout above these levels could signal a potential trend reversal.

However, the outlook for the token remains uncertain, with bearish momentum dominating the trend.

2. RWA Inc. (RWA) Token Faced Continuous Downward Pressure

RWA Inc. (RWA) token also encountered downward pressure in the last 24 hours. The token dropped 9.65%, currently priced at $0.08027 at the time of writing.

The price has formed lower lows, and trading volume also decreased by 13.55%.

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 token's market cap and high trading volume suggest that any large buy or sell orders could significantly impact the price.

Investors are advised to watch for signs of stabilization or further decline.

3. AI Token ($AI) Activity Remained Low, Range-Bound Trading

The AI token ($AI) is currently in a sideways trading pattern, with minimal volatility.

The price stood at $0.000528, reflecting a minor 0.43% decline at the time of writing.

Trading volume also decreased by 30.88%, which highlights reduced market interest in the token.

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.

4. Hyperliquid (HYPE ) Token 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 also decreased by 20.50%.

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.

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.