Pudgy Penguins Price Prediction: PENGU Pumps 9% As This Feathered Rival Heads For $9 Million In Presale
The Pudgy Penguins price pumped 9% in the last 24 hours to trade at $0.03306 as of 7:06 p.m. EST on trading volume that skyrocketed 60% to $619 million. Pudgy Penguins Price On A Bullish Trend Reversal The Pudgy Penguins price Analysis on the 4-hour timeframe shows that PENGU has been trading within the confines of a falling channel pattern, according to CoinGecko data. The recent action shows the Pudgy Penguins price breaching the upper boundary of the channel at $0.032, indicating a potential bullish trend reversal. Meanwhile, the 50-day Simple Moving Average (SMA) is currently acting as a dynamic resistance at approximately $0.03459, and the price of Pudgy Penguins is showing signs of retesting this level. If the wedge breakout occurs, the price could test the horizontal resistance level marked around $0.045. A breakout above this resistance could trigger further bullish momentum. Overall, the pattern suggests that the market is transitioning from a bearish to a potential bulli...