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The Pudgy Penguins price pumped 30% in the last 24 hours to trade at $0.008213 as of 1:08 a.m. EST on trading volume that dropped 2% to $137 million.
Pudgy Penguins Price Aims For A Bullish Trend Continuation
The PENGU price on the 4-hour chart highlights the formation of a classic cup and handle pattern, which is a strong bullish continuation signal.
The rounded base of the cup suggests a gradual shift from bearish to bullish sentiment, followed by a brief consolidation or “handle” that precedes a breakout.
This exact breakout is currently underway, with the price of PENGU surging past resistance levels to reach a new local high of approximately $0.00821, as shown by the GeckoTerminal data.
The Pudgy Penguins price has also convincingly moved above both the 50 Simple Moving Average (SMA) ($0.005549) and the 200 SMA ($0.005378).
This golden crossover, where the shorter SMA crosses above the longer one, typically signifies a longer-term bullish trend reversal, adding weight to the cup-and-handle breakout.
Meanwhile, the Relative Strength Index (RSI) is presently at 79.83, firmly in overbought territory. While this confirms strong bullish momentum, it also raises the potential for short-term consolidation or a slight pullback as traders may take profits.
Moreover, the MACD (Moving Average Convergence Divergence) indicator also supports the bullish momentum. The blue MACD line is well above the orange signal line, and both are trending higher, indicating continued buying pressure.
PENGU Price Prediction – Breakout Signals A 15% Surge
Given the breakout from the cup and handle formation and the accompanying bullish signals from RSI and MACD, the PENGU price appears primed for continued upside.
The projected target based on the pattern’s height suggests a move toward the $0.00942 area, representing a potential 15.41% gain from the breakout point.
However, given the RSI is already in overbought territory, there’s a chance the price of Pudgy Penguins undergoes a minor pullback before further upside. Support lies near the $0.0072 area, which aligns with previous resistance and now serves as a potential floor.
Meanwhile, crypto investors are enthusiastically turning to BTC Bull Token (BTCBULL), a promising Bitcoin-themed meme coin.
Crypto YouTube channel 99Bitcoins, which boasts over 725K subscribers, predicts 10X gains for BTCBULL holders after the token launches.
BTC Bull Token Presale Closing On The $5 Million Mark
BTC Bull Token sets a new standard by becoming the first crypto project to reward holders with actual Bitcoin.
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The token is currently in presale and has already secured $4.98 million in funding.
Buying BTCBULL opens access to BTC airdrops at certain Bitcoin price milestones, starting at $150K, then at every $50K increment until BTC hits $1 million.
The excitement around BTCBULL doesn’t stop there. To enhance scarcity and mimic Bitcoin’s limited supply, the project will conduct periodic token burns, beginning when Bitcoin hits $125,000 for the first time and continuing every $25,000 increase thereafter.
🚨 $BTCBULL is Live in Upcoming Tokens! 🚨@BTCBULL_TOKEN is a Bitcoin rewards-based meme token that delivers milestone-based airdrops as Bitcoin hits new price levels.
With built-in incentives for buying, holding, and trading, $BTCBULL gives holders a new way to stack BTC.… pic.twitter.com/BMzBHcLltU
— Best Wallet (@BestWalletHQ) February 10, 2025
That mechanism reduces BTCBULL’s supply, potentially creating powerful upward price momentum.
Investors can purchase tokens now for $0.00248 via BNB, ETH, USDT, or bank card and stake for an impressive 82% annual yield.
With bullish expert endorsements and strong investor interest, BTCBULL’s launch looks set to ignite the crypto community.
Interested investors will want to buy before the next presale price increase in about 2 days to lock in the best deal.
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