{"id":611491,"date":"2024-12-19T10:29:30","date_gmt":"2024-12-19T10:29:30","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=611491"},"modified":"2024-12-19T10:29:30","modified_gmt":"2024-12-19T10:29:30","slug":"pudgy-penguins-price-prediction-pengu-soars-14-to-buck-altcoin-crash-today-but-traders-pivot-to-this-31m-pepe-derivative-ico","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/pudgy-penguins-price-prediction-pengu-soars-14-to-buck-altcoin-crash-today-but-traders-pivot-to-this-31m-pepe-derivative-ico","title":{"rendered":"Pudgy Penguins Price Prediction: PENGU Soars 14% To Buck Altcoin Crash Today, But Traders Pivot To This $31M PEPE Derivative ICO"},"content":{"rendered":"

The Pudgy Penguins price soared 14% in the last 24 hours to trade at $0.03117 as of 02:08 a.m. EST on trading volume that dropped 2% to $2.3 billion.<\/span><\/p>\n

This comes even as the overall crypto market cap plunged 4% to $3.6 trillion after the Federal Reserve turned more cautious on cutting interest rates.<\/span><\/p>\n

Pudgy Penguins Price Headed Towards A Continued Surge<\/h2>\n

The PENGU\/USD chart displays high volatility, with a significant spike in Pudgy Penguins price followed by a sharp correction. The PENGU price experienced a massive vertical pump to a peak near $0.08, which was quickly followed by an equally sharp retracement, according to data from <\/span>GeckoTerminal<\/span><\/a>. <\/span><\/p>\n

Following the initial correction, the price has entered a bullish flag pattern, as marked by two parallel upward-sloping trendlines.<\/span><\/p>\n

The Relative Strength Index (RSI) is currently at 46.15, which is in the neutral zone. RSI below 50 indicates a slight bearish bias, but the overall positioning remains neutral. The RSI’s decline from overbought levels after the pump suggests the market has cooled down and is consolidating.<\/span><\/p>\n

The flag suggests the possibility of a continuation to the upside if key resistance levels are broken. PENGU is currently on a neutral to bullish trend, with the potential for a breakout above $0.036, leading to retests of higher levels. A sustained trend could push the Pudgy Penguins price up towards the $0.043 resistance level.<\/span><\/p>\n

\"Pudgy
PENGUUSD Chart Analysis Source: GeckoTerminal<\/figcaption><\/figure>\n

A breakdown below $0.032 could lead to further downside, potentially targeting the pre-pump levels around $0.02.<\/span><\/p>\n

Meanwhile, investors are piling into a new PEPE derivative called <\/span>Wall Street Pepe (WEPE)<\/span><\/a>, which crypto influencer ClayBro, with over 133k subscribers, predicts will make millionaires.<\/span><\/p>\n