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The Pudgy Penguins price has plummeted 7% in the last 24 hours to trade at $0.03073 as of 5:00 a.m. EST on a 4% drop in trading volume to $365 million.
Pudgy Penguins Price Gears For Another Bullish Surge
The PENGU/USD pair on a one-hour timeframe shows key technical indicators and price levels. The orange bars mark critical support zones at $0.02900 and $0.03000, which have been tested multiple times, reflecting strong buying interest.
Simple Moving Averages (SMAs) play a significant role in the analysis, with the 50-period SMA at $0.03212 acting as immediate resistance and the 200-period SMA at $0.03380 acting as a stronger barrier. A potential bullish crossover could occur if the price breaks above these levels, signalling further upward momentum.
PENGUUSD Analysis Source: Dextools.io
A Fibonacci retracement overlay suggests potential resistance levels at $0.03500, $0.03700, and $0.04000. Meanwhile, the MACD indicator shows early bullish momentum as the MACD line crosses above the signal line, though the histogram values near zero indicate that the trend is still in its nascent stages.
The Related Strength Index (RSI) is at 49.49, close to the neutral zone, suggesting that the price is neither overbought nor oversold. If buying pressure increases, the bulls have the opportunity to catapult the Pudgy Penguins price upward.
Currently, the price is at $0.03088, with immediate resistance at $0.03200 (50-period SMA) and strong resistance at $0.03380 (200-period SMA). On the downside, $0.02900 serves as a key support level, with $0.03000 providing secondary support. If the price sustains above $0.03200 and breaks through $0.03380, it could target $0.03500 and $0.03700. However, a drop below $0.02900 could invalidate the bullish reversal and push the price lower.
Meme Index Zooms Towards $2 Million- Best Meme Coin To Buy?
As the Pudgy Penguins price regains momentum, investors are buying a new coin called Meme Index (MEMEX).
MEMEX is the first decentralized meme coin index and has raised over $1.27 million in presale funding.
Crypto analyst and YouTuber Jacob Bury, with over 45.5k followers, predicts that MEMEX could be the next crypto to see a 10x surge after launch.
MEMEX investors gain exclusive access to four distinct meme coin baskets: the Meme Titan Index (featuring popular coins like DOGE, SHIB, PEPE, and FLOKI), Meme Moonshot Index, Meme Midcap Index, and Meme Frenzy Index. These indexes are regularly updated to align with current market trends and are exclusively available to MEMEX holders.
Each basket is tailored to different risk appetites, ranging from more stable options to high-volatility investments.
What sets MEMEX apart is its community-driven governance, transparent framework, and potential for impressive returns. Token holders actively shape the project by submitting and voting on key proposals, ensuring an inclusive and dynamic ecosystem.
POV: The teams Index just exploded and the profits are rolling in 📈🚀
You ready to join the Frenzy? https://t.co/7P9aYCaBEn pic.twitter.com/bYQDS3M6zf
— Meme Index (@memecoin_index) December 21, 2024
Additionally, investors can stake their MEMEX tokens to earn an extraordinary annual yield of 1,881%.
To join the presale, you can buy MEMEX tokens on the official website for $0.0148047 each using USDT, ETH, or a bank card.
However, you have to buy quickly, as the price is set to increase in less than two days. Now is the perfect time to lock in the best deal.
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