Pudgy Penguins Price Prediction: PENGU Soars 9% In A Week After Partnering With NASCAR, But Experts Say Consider The Solaxy ICO With Just 4 Days Left

The Pudgy Penguins price soared 9% in the last week despite plunging 4% in the past 24 hours to trade at $0.01101 as of 4:51 a.m. EST on trading volume that dropped 21% to $136 million.

This comes as Pudgy Penguins announced a high-profile collaboration with NASCAR, significantly increasing the exposure of the Pudgy brand.

Pudgy Penguins Price Eyes A Breakout

The PENGU price has been trading within a clearly defined falling channel since early January 2025, marked by parallel downward-sloping trendlines that have guided both lower highs and lower lows. This pattern is a bullish reversal setup, particularly when accompanied by waning selling pressure and tighter price action near the channel’s upper boundary, which is precisely what the current chart displays.

Over the past few weeks, the Pudgy Penguins price has flattened and pressed against the top of the channel, suggesting accumulation, as GeckoTerminal data shows. 

PENGU price action has also begun to compress between the 50-day Simple Moving Average (SMA) and channel resistance, forming a base for a potential breakout. This setup often leads to sharp upward moves if confirmed by a strong bullish candle and rising volume.

Meanwhile, the Relative Strength Index (RSI) currently sits at 48.87, just below the neutral 50 mark. While not yet signalling strong momentum, the RSI is trending upward from recent lows, hinting at a possible momentum shift in favor of bulls if the breakout occurs.

Should PENGU successfully break above the upper boundary of the falling channel, ideally with a close above the $0.012–$0.013 zone, a bullish reversal could follow. 

The measured move target from such a breakout could potentially bring the price of Pudgy Penguins into the $0.035 region, in line with the depth of the channel and historical resistance levels.

Conversely, a rejection at the upper trendline would likely keep the PENGU price trapped within the channel, potentially revisiting support around $0.009 before any further breakout attempt.

Meanwhile, investors are flocking to the presale for a new Solana layer-2 project called Solaxy (SOLX). The project has already brought in over $48 million, making it one of the largest token presales of 2025.

Popular YouTube channel 99Bitcoins, with over 723K subscribers, says the crypto has the potential to soar 10X post-launch.

Solaxy Presale Raises $48 Million – First Layer-2 On Solana Gains Momentum

Built to improve scalability on Solana, Solaxy uses off-chain processing to bundle transactions before submitting them to the mainnet for verification.

While Solana handles thousands of transactions per second, its performance drops during network congestion. Solaxy addresses this by applying a model proven by Ethereum’s layer-2 projects Arbitrum and Optimism.

The team recently launched its testnet, blockchain explorer, and cross-chain bridge, which allows users to simulate bridging ETH or SOL into the Solaxy ecosystem.

🚨 Hey Solaxy Community, we’re thrilled to announce our collaboration with @hyperlane to deliver one of Web3’s most seamless bridging experiences.

Solana ↔️ Solaxy ↔️ Ethereum. Fast, modular, permissionless.

Together, we’re building the first true Layer 2 bridge for Solana… pic.twitter.com/Jfk2GJUUD3

— SOLAXY (@SOLAXYTOKEN) June 10, 2025

SOLX tokens are currently priced at $0.001754 and can be purchased using BNB, ETH, USDT, or card through the simple buy widget on the project’s website. 

Investors can also earn a lucrative passive income with the 85% staking APY on offer to presale buyers.

The SOLX token will launch on major exchanges in just 4 days, so interested investors should buy now before time runs out.

Check out Solaxy.

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