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The Pudgy Penguins price surged over 7% in the last 24 hours to trade at $0.01130 as of 10:16 p.m. EST as investors rush to buy the meme coin.
Despite the recent pump, the PENGU price is still down more than 2% over the past 7 days.
Pudgy Penguins Price Rebounds From Support
Daily chart for PENGU/USD (Source: GeckoTerminal)
The Pudgy Penguins price bounced off of a support at $0.01039 in the last 48 hours, according to data from GeckoTerminal. Now, the meme coin is eyeing the nearest resistance level at $0.01220. Should the crypto overcome this barrier, it might end up rising to as high as $0.01485 in the short term.
However, a sudden selloff due to profit taking or a change in trend might stop the Pudgy Penguins price in its tracks. In this more bearish scenario, the crypto could end up sliding below the aforementioned $0.01039 support. Thereafter, continued pressure from sellers might lead to a drop to as low as $0.00820.
Technicals Suggest The Pudgy Penguins Price Might Pullback Soon
From a technical point of view, indicators on PENGU’s daily chart suggest the Pudgy Penguins price might drop in the next 24 hours. Traders will want to keep an eye on the Moving Average Convergence Divergence (MACD) and Relative Strength Index (RSI).
Over the past few days, the MACD line has started to collapse towards the MACD Signal line. The shrinking gap between the two technical indicators warns PENGU’s bullish momentum might be cooling off. If the MACD line drops below the Signal line soon, it could confirm that the Pudgy Penguins price has entered a negative trend.
Meanwhile, the RSI has leveled off in the low 60s. While the current reading above the neutral 50 mark is bullish, the level slope of the RSI line suggests there is an opportunity for sellers to come in and chip away at bulls’ grip on the meme coin’s price.
As the Pudgy Penguins price tries to keep its bullish move going, investors are also buying into a new presale meme coin rival called MIND of Pepe (MIND). According to popular YouTube channel 99Bitcoins, which has over 725K subscribers, MIND could skyrocket 10X after its launch.
MIND Introduces The First Pepe-Inspired AI Token
Frog-themed Pepe (PEPE) has climbed the crypto ranks to become the third largest meme coin by market cap. However, the crypto’s lack of utility leaves the door open for a new token to dethrone PEPE as the top frog meme coin. This is something that MIND aims to accomplish.
At the core of the project’s ecosystem is a cutting-edge AI agent that can monitor chatter online in real-time to detect any new trends in the crypto market early. After spotting a new trend that could lead to a profitable trading opportunity, MIND of Pepe’s AI notifies the meme coin’s holders through token-gated groups. This gives them an edge over other traders in the market.
Apart from watching from the sidelines and waiting for a new trend, MIND’s AI can also actively steer the market narrative in favor of MIND holders.
One of the ways it can influence the market narrative is through its ability to launch its own tokens, hype them up online, trade them, and then reinvest any profits back into the MIND token. It also gives MIND holders the chance to buy in early with each new token it creates.
Recently, the team announced that their AI agent will go live on May 10. Meaning there are just a couple of days left before investors can take advantage of everything MIND of Pepe’s AI agent has to offer.
MIND Offers Investors Last Chance To Buy In Presale
The upcoming launch of the project’s AI agent could lead to a buying frenzy as investors look to secure their spot in the project’s token-gated groups. This frenzy could then go into overdrive, especially after MIND’s presale entered its final stage. With just 25 days left before the ICO ends, time is running out for investors to get in on this ground level of the project.
Interested investors can buy MIND via the simple widget embedded on the project’s website. Selling for $0.0037515, MIND can be bought with either ETH, USDT, BNB, USDC or bank card. Once bought, the tokens can also be staked for a 259% APY.
Learn more about MIND of Pepe.
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