Pudgy Penguins Price Prediction: NFT Meme Coin PENGU Soars 7%, But Traders Flock To This Dogecoin Derivative For Potential 100X Gains

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Pudgy Penguins price
Pudgy Penguins price

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The Pudgy Penguins price soared 7% in the last 24 hours to trade at $0.03513 as of 11:36 a.m. EST as investors buy the NFT meme coin.

Despite the uptick, the PENGU price remains more than 5% in the red on the longer-term weekly time frame. 

Pudgy Penguins Price In A Consolidation Pattern

PENGU Chart Image

Daily chart for PENGU/USD (Source: GeckoTerminal) 

The Pudgy Penguins price entered into a consolidation pattern between $0.02881 and $0.03821 in the last week, data from GeckoTerminal shows. This could be an accumulation period before the altcoin’s next big move. 

Should that translate into a bullish rally, the PENGU price will likely try to first flip the resistance level at $0.03821 into support. Thereafter, continued buy volumes from bulls could push the Pudgy Penguins price up to $0.04622. 

On the other hand, a more bearish scenario might see the PENGU price test the nearest support level at $0.02881. Dropping below this technical safety net could then lead to a plunge to as low as $0.02080 in the short term.

Technicals Suggest The Pudgy Penguins Price Could Go Either Way

From a technical point of view, indicators on the daily chart, such as the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI), suggest the Pudgy Penguins price could move in either direction in the short term.

Looking at the RSI, the indicator’s current reading above the neutral 50 mark suggests bulls have an upper hand over sellers in terms of strength. However, the indicator has fallen over the last couple of days, warning buyers have lost some of their advantage. 

Meanwhile, the MACD line is positioned below the MACD Signal line. Traders usually see this specific alignment as an indication that momentum is in sellers’ favor. 

While momentum is slightly bearish, the levelling off of the MACD Histogram bars suggest the negative momentum might be stalling. This could be an opportunity for bulls to inject some renewed optimism into the meme coin’s charts. 

While traders wait to see what the Pudgy Penguins price will do next, investors are flocking to the presale for a new meme coin rival called Maxi Doge Token (MAXI). According to 99Bitcoins, a prominent YouTube channel with over 723K subscribers, MAXI has the potential to soar 100X after its launch.

A Meme Coin Project Chasing 1,000X Trades With Leverage

Maxi Doge is on a mission to build a community of degen traders that all want to chase 1,000X opportunities in the market. The project’s mascot is a buff Shiba Inu dog, who lives on caffeine and high levels of risk when it’s not pumping iron at the gym. 

MAXI argues that true generational wealth does not come from resting or playing it safe, it comes from high-leveraged trades with no-stop losses, a mindset that true degen crypto traders all share. 

Maxi Doge tweet

To build its community of traders and analysts, the project will run a series of competitions and gamified tournaments. Rewards will also go out to the top ROI hunters. 

There is the MAXI fund as well, which will be used to grow Maxi Doge’s exposure. The team has allocated 25% of the meme coin’s total supply to this fund. 

40% of the supply has also been allocated to marketing, signaling the team’s intention to go all out to make MAXI a meme coin community staple. With funds geared towards exposure and marketing, MAXI might gain the momentum needed to replace its weaker, older predecessor Dogecoin (DOGE) in the market. 

Maxi Doge Token Presale Races Towards $1 Million – Next Best Meme Coin?

Investors are buying into Maxi Doge’s high-risk, high-reward mentality, and have already pumped more than $434K into the project’s ongoing ICO. 

There’s still time left for investors to get in on this ground level of the project. Selling for $0.000251, MAXI tokens can be purchased via the simple buy widget embedded on the website using either crypto or bank card. 

Once bought, tokens can also be staked for a 599% APY, so investors can grow their bags while they wait for the meme coin’s exchange listings. 

Interested investors will want to hurry though, because MAXI’s price will increase as its presale progresses. The next ICO price hike will happen in about 2 days.

Visit the official Maxi Doge Token website to learn more. 

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