Join Our Telegram channel to stay up to date on breaking news coverage
The Pudgy Penguins price dropped 5% in a week and 2% in the last 24 hours to trade at $0.03803 as of 3:15 a.m. EST on trading volume that soared 42% to $1.1 billion.
The PENGU price saw growth throughout July, and even now, with a 2% dip in the last 24 hours, it is still 160% higher than it was on July 1. The dip seen over the last seven days is only a minor correction caused by a major resistance that rejected the popular meme coin’s price.
Pudgy Penguins Price Prediction
The PENGU price started soaring on July 10, and it reached its peak on July 23, when it hit $0.045. The token then dropped to $0.035, only to soar again, hit the same levels as before, and start dropping for the second time, rejected by the same resistance.
The support at $0.035 was there to break the fall for the second time, and right now, PENGU is starting a recovery again. However, its price performance over the last few hours suggests that the token may be stuck between $0.039 and $0.038. The token’s Bollinger Bands have seen a widening after the price started to recover from yesterday’s dip, sending out bullish signals, and hinting at a potential surge.
For now, however, the token seems to lack the strength to break through the resistance at $0.039.
PENGU/USDT chart analysis (Source: TradingView)
Meanwhile, the project’s Relative Strength Index (RSI) value has soared from the oversold zone’s value of 30 to 80, deep in the overbought area. This increase happened over the last 15 hours, as traders moved in to buy the dip once the token hit a support at $0.035.
After hitting the value of 80, some traders took profit, causing the RSI to dip back down to the value of 60. For the time being, however, the RSI stabilized here, indicating that traders are not bearish enough to keep selling. Instead, they seem to be expecting a new wave of purchases that could push the price back up.
Promising Alternative To Pudgy Penguins
With PENGU stuck between the mentioned two levels, investors have started pouring funds into TOKEN6900 (T6900) — a popular new meme coin presale that emerged recently, only to become one of the popular new ICOs.
As the name suggests, TOKEN6900 was inspired by SPX6900, but now, it also aims to become its main new rival. The project praises the number 69, and it has set up a hard cap of $5 million.
Its presale has been live for a few weeks now, and during that time, it has raised over $1.47 million, now closing in on the $1.5 million milestone.
TOKEN6900 proudly states that it has no utilities or plans for the future. Instead, it plans to conquer the market as a true meme coin, simply acting as a fun cryptocurrency to own.
It has captured the attention of investors and experts.
ClayBro, a crypto YouTuber with over 136k subscribers, believes that it could see 30x gains once it goes live.
The token started its ICO with a price of $0.006400, and it intends to end it once its price climbs up to $0.007125. The price increases slightly every time when the ICO enters a new stage, and right now, you can still buy it for only $0.006775. Buy before the next price hike in about 19 hours.
Related News:
- Strategy Buys $2.46B Bitcoin As Ethereum Treasury Firm BTCS Plans $2 Billion Raise
- Tsunami Price Skyrockets 2,900% And This Might Be The Next Crypto To Explode
- Top Crypto Gainers Today Jul 30 – PinLink, RedStone, TRON, Zano
Best Wallet - Diversify Your Crypto Portfolio
- Easy to Use, Feature-Driven Crypto Wallet
- Get Early Access to Upcoming Token ICOs
- Multi-Chain, Multi-Wallet, Non-Custodial
- Now On App Store, Google Play
- Stake To Earn Native Token $BEST
- 250,000+ Monthly Active Users
Join Our Telegram channel to stay up to date on breaking news coverage
