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The Pudgy Penguins price surged 31% in the last 24 hours to trade at $0.03798 as of 9:34 p.m. EST on trading volume that skyrocketed 117% to $1.4 billion.
PENGU jumped to a $2.3 billion market capitalization, flipping Dogwifhat (WIF) at $2 billion to become the 5th-largest meme coin, according to CoinGecko.
Pudgy Penguins Price On A Sustained Bullish Rally
The Pudgy Penguins price on the 1-hour chart displays a parabolic rally, surging from a low near $0.02552 on December 23 to its current level of $0.03798, reflecting an impressive short-term bullish trend. The chart shows the Pudgy Penguins price respecting a rising trendline (dotted line), and strong bullish candles support the upward momentum.
A flag-like structure is visible in the latter part of the chart, suggesting a potential continuation of the rally if the PENGU price breaks above resistance. The 50-day Simple Moving Average (SMA) (green line) at $0.03094 is trailing behind the price, indicating a healthy upward trend with no immediate threat from a crossover or breakdown.
The Relative Strength Index (RSI) is at 71.72, entering the overbought zone. This signals strong buying momentum but also raises caution for a possible pullback as the rally matures.
PENGU/USDT Chart Analysis (Source: Tradingview)
Pudgy Penguins Price Prediction
Given the parabolic trend, if the bullish momentum persists and the Pudgy Penguins price breaks above the $0.040 resistance, the rally could extend further toward the $0.045-$0.050 range.
However, the overbought RSI indicates a risk of short-term exhaustion. A pullback to the $0.034-$0.032 region (near the 50-day SMA) could occur, still keeping the overall bullish structure intact. If the price of Pudgy Penguins breaks below $0.03094, the rally might lose steam and test the next support near the $0.026-$0.028 zone.
As the Pudgy Penguins price aims for a continued surge, some investors are turning to presale meme coins like the newly launched Flockerz (FLOCK).
According to 99Bitcoins, a popular crypto channel on YouTube with over 706K subscribers, FLOCK has the potential to soar 100X after its launch.
Flockerz Presale Amasses Over $7.7 Million – Only 28 Days Left
Flockerz is quietly making waves with its impressive presale performance and rewards system. With $7.7 million raised so far, Flockerz is proving to be more than just another meme coin, bringing to the crypto world its unique vote-to-earn (V2E) model.
Even if everything's burning around you.
You're always okay when you're with the flock! pic.twitter.com/dDeu98Flob
— Flockerz (@FlockerzToken) November 19, 2024
Most cryptocurrency projects exclude investors from key decisions, but Flockerz takes a different approach with its V2E model, which gives $FLOCK token holders real power and rewards them for staying involved in the ecosystem.
Whenever critical decisions are made about Flockerz’s future—like adding new features—every $FLOCK holder gets a vote. This happens through FlockTopia, Flockerz’s decentralized autonomous organization (DAO).
The Flock's electric baby! ⚡️
Flocktopia is the kingdom of light! 💙 pic.twitter.com/JiPYZpjgRH
— Flockerz (@FlockerzToken) December 21, 2024
When token holders vote, they earn extra $FLOCK tokens for their effort.
In addition to V2E rewards, users can earn passively through the platform’s staking mechanism, offering a sky-high annual yield of 354%.
Investors interested in joining the presale can visit the official Flockerz website to buy FLOCK tokens at $0.00653 each using BNB, ETH, USDT, or a bank card.
Buy before the presale ends in slightly more than 28 days.
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