Pudgy Penguins Price Prediction: As PENGU Jumps 3%, Investors Turn To This Innovative Crypto For Diversified Exposure To Meme Coins

The Pudgy Penguins price jumped more than 3% in the last 24 hours to trade at $0.02504 as of 10:46 a.m. EST as investors start to accumulate the meme coin.

This rise in the PENGU price comes amid a broader crypto pullback in the last 24 hours. Throughout the past day of trading, the digital asset space’s collective valuation dropped more than 2%.

Pudgy Penguins Price Hovering Above The $0.02383 Support

4-hour chart for PENGU/USD (Source: GeckoTerminal)

The Pudgy Penguins price is hovering above the $0.02383 mark, which was flipped into support in the last 24 hours. PENGU once again dropping below this price point could lead to a plunge to as low as $0.02206 in the short term.

On the other hand, the Pudgy Penguins price entering into a bullish move might lead to the altcoin overcoming the $0.02672 barrier. A 4-hour candle close above this technical threshold could then give the crypto the foundation needed to keep rising, and potentially reach $0.02955.

Technicals Suggest The Pudgy Penguins Price Might Gradually Rise In The Short Term

From a technical standpoint, indicators on the meme coin’s 4-hour chart suggest the Pudgy Penguins price might continue to climb in the next few hours. More specifically, Exponential Moving Averages (EMAs) and the Relative Strength Index (RSI) are showing bullish signs.

In recent hours, the shorter 9 EMA has started to rise towards the longer 20 EMA. This narrowing gap suggests PENGU’s momentum is slowly undergoing a bullish shift. If the 9 EMA crosses above the 20 EMA, it could be followed by a surge in the Pudgy Penguins price.

Meanwhile, the RSI is slowly approaching the neutral 50 mark. The recent increase in RSI readings in the last couple of hours might indicate that buyers are starting to take control of the Pudgy Penguins price. The RSI breaking above 50 in the next few hours could signal a major shift in power on the meme coin’s charts that favors buyers.

As the Pudgy Penguins price tries to keep climbing in the coming 24 hours, investors might want to consider Meme Index (MEMEX), an innovative project that makes it easier for anyone to get diversified exposure to the volatile meme coin market.

Enabling Diversified Meme Coin Investing Through 1 Token

Meme Index is an innovative project that aims to break down the barrier to entry for anyone that wants to invest in the meme coin market. With the hype around these lighthearted tokens in the last few months and talks of a 2025 meme coin supercycle making the rounds in the market, MEMEX’s timing could not be better.

The project offers investors multiple investment buckets that each cater to different risk profiles. These buckets include the Meme Titan Index, Meme Moonshot Index, Meme Midcap Index, and Meme Frenzy Index. The Meme Titan Index is considered a relatively safe option, while the highest-risk Meme Frenzy Index features emerging and highly volatile tokens.

Each bucket tracks multiple tokens, which are decided on, and sometimes changed, during the project’s governance gathering. Each MEMEX holder gets to vote on which tokens each of the buckets should track.

By simply investing in MEMEX, investors stand to benefit from the positive performances of multiple tokens, with the gains consolidated into one investment product. To get started, investors simply need to buy MEMEX through the simple widget embedded on the project’s website.

Selling for $0.0154693, MEMEX can be purchased with either ETH, USDT, BNB or bank card. After acquiring MEMEX tokens, investors just need to stake their crypto towards the bucket they want exposure to.

MEMEX Raises Over $2.7 Million In Presale

Meme Index has managed to raise more than $2.7 million through its ongoing presale so far, signaling strong investor confidence in the project’s future. 

Several experts have shared their bullish predictions for the new meme coin project as well. Among them is crypto analyst and YouTuber Jacob Bury, who has over 54K subscribers. In a recent video, he said MEMEX could be the next 10X opportunity in the crypto market.

While investors wait for this potential 10X surge, they can put their tokens to work for attractive passive crypto rewards. Anyone who buys and stakes MEMEX now will unlock an 847% APY.

Purchase and stake MEMEX here before a scheduled price increase in less than 29 hours.

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