Pudgy Penguins Price Prediction: PENGU Soars 21% As NFT Market Booms, But Traders Buy This Bot Token With 10X Potential

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pudgy penguins price
pudgy penguins price

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The Pudgy Penguins price soared 21% in the last 24 hours to trade at $0.03792 as of 10:45 p.m. EST as investors rush to buy the meme coin.

That surge in the PENGU price comes as the NFT (non-fungible token) market cap pumped over 10% in the last 24 hours, according to CoinGecko. Pudgy Penguins is also the top-trending NFT collection in the NFT market, and saw its floor price pump more than 5% throughout the past day. 

Pudgy Penguins Price Nears A Technical Obstacle, Can It Break Through?

PENGU Chart Image

Daily chart for PENGU/USD (Source: GeckoTerminal)

The Pudgy Penguins price is nearing the resistance level at $0.04146, data from GeckoTerminal shows. If the meme coin is able to clear this barrier, it could gain the room needed to continue rising in the short term.

However, a sudden reversal of the positive trend might lead to a test of the $0.03308 support. Failure to hold above this technical safety net could then result in a plunge to as low as $0.02574, or even $0.01763 if the bearish pressure persists.

Technicals Suggest The Pudgy Penguins Price Might Rise Some More

From a technical point of view, indicators on the daily chart, such as the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI), suggest the Pudgy Penguins price might keep rising. However, traders might want to proceed with caution amid overextended conditions.

Over the last 48 hours, the MACD line has started to break away above the MACD Signal line again. This suggests renewed bullish momentum that might elevate the Pudgy Penguins price some more in the short term.

Meanwhile, RSI readings have started to climb again as well. However, this rise in the values is part of a broader oscillation between 80 and 90 that has happened over the past few days. This sideways movement in overbought territory warns that buyer strength may be stalling. 

It could also lead to a drop in price if traders start to reduce their exposure in an effort to decrease any downside risk.

As the Pudgy Penguins price braces for a possible correction, investors continue to pile into the presale for Snorter Token (SNORT). According to 99Bitcoins, an influential crypto channel on YouTube with over 723K subscribers, SNORT could soar 10X on launch.

The Perfect Bot To Trade The Altcoin Season With

Talks of an altcoin season are beginning to circulate in the market, with PENGU and the prices of other smaller-capped cryptos starting to pump. To take advantage of this bullish period, traders and investors will want to look at the new trading bot offered by Snorter Token.

The Telegram-based trading ally enables users to snipe new tokens as they emerge, perform sub-second swaps, copy other top traders, and monitor their portfolios in real-time, all from the popular messaging app. 

On top of its trading capabilities, the bot also comes with advanced rug pull and honeypot scam detection, so traders can pounce on new opportunities in the market knowing that they are backed by the Snorter bot’s proven scam detection. So far, the bot has shown an 85% success rate in identifying potential sham projects. 

Not only that, the Snorter bot charges some of the lowest fees in the market as well. By just holding SNORT, traders slash their execution costs from 1.5% to 0.85%. This undercuts all other telegram trading bots currently in the market.

The bot will initially launch on the Solana chain, enabling users to trade new tokens on platforms such as Pump.fun and Raydium. In the near future, the team will also add support for blockchains that support the Ethereum Virtual Machine (EVM). This means that there won’t be many opportunities that slip by the Snorter bot undetected.

Snorter Presale Blasts Past $2.2 Million

The Snorter Token presale has blasted past $2.2 million in early-stage funding so far, signaling strong investor confidence in the project’s future. 

Interested investors can acquire SNORT tokens via the simple buy widget embedded on the project’s website. Selling for $0.0989, SNORT can be bought with both crypto or bank card.

Once purchased, the tokens can then be staked for an attractive 185% APY.

Investors will want to act fast in order to secure the best rate, because SNORT’s price will rise as its presale progresses. The next presale price hike is scheduled to take place in less than 31 hours.

Visit the official Snorter Token website to learn more. 

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