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The Pudgy Penguins price has soared over 150% in the past month after a 2% gain in the last 24 hours to trade at $0.0123 as of 6:17 a.m. EST.
The pump in the PENGU price over the past 30 days made it the top performing major meme coin over the period, according to Crypto Bubbles.
Pudgy Penguins Price About To Retest A Key Support Again
4-hour chart for PENGU/USD (Source: GeckoTerminal)
The Pudgy Penguins price is approaching a support level at $0.01180, data from GeckoTerminal shows. This is the third time the meme coin will test this technical safety net in the last week. Should PENGU drop below this mark with this instance, the Pudgy Penguins price could end up plunging to as low as $0.01043.
However, another rebound above the $0.01180 support could lead to a continuation of the consolidation PENGU has been in over the past few days. In this alternative scenario, the Pudgy Penguins price will likely rise to as high as $0.01334. If this barrier is broken, the meme coin might then rise to as high as $0.01488 in the short term.
Bears Might Try To Force The Pudgy Penguins Price Down
From a technical point of view, indicators on the 4-hour chart warn the Pudgy Penguins price could drop in the next 24 hours. More specifically, traders will want to keep an eye on the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI), which are both showing early bearish signs.
In the last 12 hours, the MACD line has dropped toward the MACD Signal line. As a result, the prior is on the verge of falling below the latter. If this happens, it might be interpreted as a sign that the Pudgy Penguins price has entered a negative short-term cycle. As a result, PENGU could end up dropping.
Sellers also have a slight upper hand over buyers, as suggested by the RSI that is positioned below the neutral 50 value. While bulls can still step in to sway conditions in their favor, the downward slope of the RSI line suggests bears might continue accumulating strength in the coming hours.
While PENGU technical indicators warn of an impending correction, investors are rushing to buy a new AI Pepe coin called MIND of Pepe (MIND) before its presale ends in less than 11 days.
Popular YouTube channel 99Bitcoins, which has over 723K subscribers, says MIND could soar 10X after its launch.
Buy MIND To Unlock Exclusive Market Insights
MIND of Pepe is a new project that combines AI agent crypto and meme coin appeal. Inspired by the beloved PEPE, the third largest meme coin by market cap, MIND of Pepe introduces an intelligent computer model, which was launched earlier this month, that is constantly on the lookout for new trends in the market.
The AI agent plugs into social platforms and multiple DeFi protocols. It then constantly monitors sentiment and on-chain activity in real-time. If it detects any new trends that could lead to profitable trade opportunities, the AI shares its insights with MIND token holders through token-gated groups.
Taking it a step further, MIND of Pepe’s AI agent can even launch its own cryptos that align with the new trends it identifies. It then hypes up its tokens online by actively engaging with influencers and other Web3 community members, before trading the cryptos and reinvesting any profits back into MIND. It does all of this autonomously.
The AI agent also gives MIND holders the opportunity to buy into each of the tokens it has created early. This positions them for potential parabolic gains if the AI’s cryptos take off.
Investors FOMO Buy MIND’s Presale With Less Than 11 Days Left
MIND of Pepe’s presale has raised over $9.6 million so far, signaling strong demand for what the project has to offer. This buying frenzy is likely to go into overdrive with the presale’s conclusion just days away.
Investors that want to get in on this ground level of the project before it’s too late can purchase MIND via the simple buy widget embedded on the project’s website. Currently selling for $0.0037515, MIND can be bought with either ETH, USDT, BNB, USDC or bank card.
Tokens can also be staked in the project’s presale staking pool for a 236% APY.
Interested investors have less than 11 days to act before the project’s presale ends.
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