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The Pudgy Penguins price has soared 18% in the last 24 hours to trade at $0.03140 as of 3:20 a.m. EST on an 89% pump in trading volume to $654 million
Pudgy Penguins Price Could Surge Above The Neckline
The PENGU/USDT chart on the 1-hour timeframe shows a classic bullish setup, marked by a rounded bottom formation. This pattern, often indicative of accumulation, reflects a gradual shift from bearish to bullish sentiment. The rounded bottom concluded with a breakout above the neckline at approximately $0.0315, signaling a potential trend reversal and setting the stage for further upward movement.
The measured target for this breakout is near $0.0400, derived by adding the height of the rounded bottom to the neckline level. This aligns with the typical behavior of such patterns, where breakouts often result in significant price rallies.
PENGU/USDT Analysis Source Tradingview
The bullish case is further supported by the moving averages. The 50-period moving average (MA50), currently at $0.0274, has crossed above the 200-period moving average (MA200), forming a golden cross. Additionally, the current price of $0.03165 trades significantly above both moving averages, reinforcing the prevailing bullish momentum and indicating that buyers are firmly in control.
The Relative Strength Index (RSI) also highlights the strength of the current rally. With the RSI at 69.09, the asset is approaching the overbought zone (70), suggesting strong buying pressure. However, this could also mean that the price may face short-term resistance or consolidation as market participants take profits.
Pudgy Penguins Price Prediction
Key support levels include the rounded bottom’s base at $0.0270, which acted as a consolidation floor during the pattern formation. Additionally, the breakout level at $0.0315 now transitions into immediate support, providing a potential safety net for the price should a pullback occur.
Resistance, on the other hand, is observed at $0.0400, the breakout target, which may act as a psychological and technical barrier in the short term.
To validate the breakout further, traders should watch for a successful retest of the $0.0315 level as support. A strong bounce from this level would confirm the bullish breakout and indicate readiness for the next leg upward.
Conversely, failure to hold this support could lead to a deeper pullback, possibly toward the moving averages or the $0.0270 support zone.
Flockerz Presale Soars Toward $8 Million – Best Crypto To Buy Now?
As investors push the Pudgy Penguins price higher, they are also buying into a new meme coin called Flockerz (FLOCK). FLOCK has surged past $7.6 million in funds raised in its presale and has less than 29 days left before it lists.
An analyst on the 99 Bitcoins YouTube channel, with over 719k subscribers, ranks FLOCK among the top 3 ICOs and says it has the potential to skyrocket 100X once it launches.
Flockerz calls itself “The People’s Meme Coin” and that’s in large part because of its innovative Vote-to-Earn (V2E) system, which puts the power in the hands of its community.
Unlike traditional meme coins, which are often controlled by a small group of insiders, Flockerz actively engages its holders in shaping the project’s future.
Through the V2E system, holders who participate in key decision-making processes are rewarded with FLOCK tokens.
This unique approach transforms voting from mere governance into a rewarding experience, empowering the community while providing a tangible incentive to get involved.
🐦 Big Announcement for The Flock 🐦
In just 30 days the Flockerz presale will end. This is your last chance to get in on the ground floor, to grab your share of the presale head on over to: https://t.co/HKN509Un5J
It's time to join The Flock! 🔥🐦 pic.twitter.com/OWkEzSXu3u
— Flockerz (@FlockerzToken) December 23, 2024
In addition to voting rewards, Flockerz offers an impressive 357% annual return on staked FLOCK tokens, creating another income stream for holders.
By combining earnings from both staking and voting, Flockerz differentiates itself in the highly competitive meme coin space.
The FLOCK token is currently priced at $0.006504 and can be purchased using ETH, USDT, BNB, or even a bank card, making it accessible to a wide range of investors.
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