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The Pudgy Penguins price jumped 27% in the past 24 hours to trade at $0.02928 as of 4:08 a.m. EST, with trading volume skyrocketing 335% to $2.2 billion.
The PENGU price has been up 500% in the last 3 months, according to CoinMarketCap data.
Can this surge continue, or is the price of Pudgy Penguins due for a correction?
Pudgy Penguins Price Set For A Healthy Correction
The PENGU price has been trading within the $0.015 consolidation zone, as buyers seemed to cool off after a notable surge.
After the consolidation, buyers recently took charge of the Pudgy Penguins price again, pushing it through a parabolic curve to the $0.0311 resistance zone, before the crypto retraced to the current price, as GeckoTerminal data shows.
The Pudgy Penguins price hints at a correction, with the Relative Strength Index (RSI) now dropping from the deep overbought conditions, currently at 70, a sign that the price is cooling off after a sustained surge.
Meanwhile, the price of PENGU trades well above both the 50 and 200 Simple Moving Averages (SMAs) on the 4-hour chart, which suggests that, even if there is a correction, the drop might still be a healthy one.
The Moving Average Convergence Divergence (MACD) is also positive, with the blue MACD line crossing over the orange signal line, which is a bullish crossover.
If the price of Pudgy penguins continues to drop, the 50 SMA at $0.01969 could act as the next support zone.
Conversely, if PENGU finds a strong support zone, it could soar back to above the $0.031 level, targeting levels around $0.045 in the long term.
Meanwhile, opportunistic investors are redirecting their funds to a new ICO crypto called Snorter Token (SNORT). According to 99Bitcoins, an influential crypto channel on YouTube with over 723K subscribers, SNORT could soar 10X on launch.
Snorter Token Presale Racing Towards The $2 Million Milestone – Next 10X Crypto?
Unlike many meme coins that rely purely on community hype and branding, Snorter Token sets out to provide real-world utility through its Solana-based crypto trading tool, the Snorter Bot.
The project wraps this utility in a humorous and quirky aesthetic, led by a mascot described as an “adventurous Aardvark.”
Away from the humor, the project offers a powerful product that is designed to snipe new tokens, swap them, copy trade, and more, all right from Telegram.
The Snorter bot is incredibly adept at navigating token launches to stay ahead of MEV bots and whales, and it has an 85% success rate at identifying rug pulls.
The project has already raised over $1.83 million in its blockbuster presale, as it races towards the $2 million milestone.
If you’ve been looking for something fresh with momentum, look at @SnorterToken. https://t.co/EFm8lkG6Lg
— KAROLLINA (@KarollinaOk) July 8, 2025
Snorter Bot also beats the competition in terms of fees. By simply holding the SNORT token, traders reduce their execution fees from 1.5% to 0.85%, undercutting other Telegram bots.
Early investors can also stake their tokens for a massive 208% APY, although this rate decreases as more buyers join in.
The token is currently in the presale stage and is priced at $0.0981. Investors can buy SNORT tokens with SOL, ETH, USDT, or a bank card through the widget on the project’s website.
Interested investors should act before the next presale price hike in about 24 hours.
Check out the Snorter Token website.
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