Pudgy Penguins Price Prediction: PENGU Pumps 6% On Surplay Inc Partnership, But Experts Say This Trading Bot Token Could Soar 10X

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The Pudgy Penguins price pumped 6% in the last 24 hours to trade at $0.03175 as of 10:48 p.m. EST as investors buy the meme coin.

The pump in the PENGU price comes after the project announced a new partnership with Suplay Inc, which is a top collectible company based in China.

More details about the partnership will be released soon.

Pudgy Penguins Price In A Strong Bullish Sequence

PENGU Chart Image

Daily chart for PENGU/USD (Source: GeckoTerminal)

The Pudgy Penguins price has been in strong positive sequence over the past week, data from GeckoTerminal shows. Now, the meme coin is attempting to break above a resistance level at $0.03299. Should it clear this barrier, the next resistance at $0.04112 might be targeted.

However, a rejection from the $0.03299 resistance in the next 24-48 hours might mark the end of PENGU’s bullish move. In this alternative scenario, the Pudgy Penguins price could drop to the immediate support level at $0.02548. In an extreme case, PENGU could even fall to as low as $0.01776 in the short term if the bearish pressure persists. 

Sellers Might Be Able To Prevent The Pudgy Penguins Price From Breaking Another Resistance

Bears are trying their best to keep the Pudgy Penguins price below the $0.03299 resistance, as evident by the current red candle. Sellers also stepped in when the last resistance at $0.02548 was challenged. However, technical indicators on the daily chart suggest this attempt to flip resistance could go sellers’ way.

Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) are starting to show bearish signs.

In the last 24 hours, the MACD Histogram has started to decrease. This indicates that the gap between the MACD and MACD Signal line is starting to shrink, a classic sign of decreasing bullish momentum.

When the Pudgy Penguins price was trying to flip the resistance at $0.02548, the MACD line was still climbing above the MACD Signal line, indicating that buyers were still accumulating strength against sellers.

Meanwhile, RSI readings have leveled off in the mid 80s and the line has started to slope downward. This not only warns that PENGU is in overbought territory and might pullback, it also suggests that some buyers have exited the meme coin’s charts.

That’s in contrast to the RSI movements seen with the test of the $0.02548 resistance, when readings were still climbing.

While the Pudgy Penguins price tries to break through another technical barrier, investors are also buying into the presale for Snorter Token (SNORT). Popular YouTube channel 99Bitcoins, which has over 723K subscribers, said in a recent video that SNORT could soar 10X after its launch.

Snorter Token Turns Telegram Into A Personal Trading Dashboard

Snorter Token brings a new lightning-fast and cost-efficient trading bot to the market. This Snorter bot enables users to snipe new tokens as they emerge, perform sub-second swaps, copy other top traders, and monitor their portfolios in real-time, all from the Telegram messaging app.

The bot also comes with advanced scam detection, and has proven 85% successful in identifying and protecting users from rug pulls and honeypot scams. So, traders can capitalize on new opportunities in the market with the peace of mind that the Snorter bot is constantly on the lookout for sham projects.

All of that functionality also comes with some of the lowest fees in the market. Just by holding SNORT tokens, users slash their execution costs down from 1.5% to 0.85%. This is far lower than any other Telegram crypto trading bot.

While the Snorter bot will initially be launched on the Solana blockchain, enabling users to trade tokens on platforms such as Pump.fun and others, the team does have plans to expand the bot’s functionality to EVM-based chains. When this happens, there will be very few trade opportunities in the market that slip past the Snorter bot undetected.

Snorter Token Presale Closes On $2 Million

There is already strong demand for Snorter Token even while it’s still in the presale stage. So far, investors have pumped over $1.9 million in early funding into the ICO.

Interested investors that want to join others that are buying in early can acquire SNORT via the simple widget embedded on the project’s website. Priced at $0.0983, SNORT can be bought with either crypto or bank card. After getting a hold of some tokens, investors can also unlock additional rewards by staking their tokens in the presale pool for a 204% APY.

Anyone looking to buy might want to hurry, because SNORT’s price will increase as its presale progresses. The next price hike will happen in around 31 hours. 

Check out SNORT.

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