{"id":613089,"date":"2024-12-25T10:21:45","date_gmt":"2024-12-25T10:21:45","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=613089"},"modified":"2024-12-25T10:21:45","modified_gmt":"2024-12-25T10:21:45","slug":"pudgy-penguins-price-prediction-pengu-surges-31-to-flip-wif-as-5th-largest-meme-coin-is-this-feathered-rival-poised-to-pump-next","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/pudgy-penguins-price-prediction-pengu-surges-31-to-flip-wif-as-5th-largest-meme-coin-is-this-feathered-rival-poised-to-pump-next","title":{"rendered":"Pudgy Penguins Price Prediction: PENGU Surges 31% To Flip WIF As 5th-Largest Meme Coin \u2014 Is This Feathered Rival Poised To Pump Next?"},"content":{"rendered":"

The Pudgy Penguins price surged 31% in the last 24 hours to trade at $0.03798 as of 9:34 p.m. EST on trading volume that skyrocketed 117% to $1.4 billion.<\/span><\/p>\n

PENGU jumped to a $2.3 billion market capitalization, flipping Dogwifhat (WIF) at $2 billion to become the 5th-largest meme coin, according to <\/span>CoinGecko<\/span><\/a>. <\/span><\/p>\n

Pudgy Penguins Price On A Sustained Bullish Rally<\/b><\/h2>\n

The Pudgy Penguins price<\/span><\/a> on the 1-hour chart displays a parabolic rally, surging from a low near $0.02552 on December 23 to its current level of $0.03798, reflecting an impressive short-term bullish trend. The chart shows the Pudgy Penguins price respecting a rising trendline (dotted line), and strong bullish candles support the upward momentum.<\/span><\/p>\n

A flag-like structure is visible in the latter part of the chart, suggesting a potential continuation of the rally if the PENGU price breaks above resistance. The 50-day Simple Moving Average (SMA) (green line) at $0.03094 is trailing behind the price, indicating a healthy upward trend with no immediate threat from a crossover or breakdown.<\/span><\/p>\n

The Relative Strength Index (RSI) is at 71.72, entering the overbought zone. This signals strong buying momentum but also raises caution for a possible pullback as the rally matures.<\/span><\/p>\n

\"Pudgy<\/p>\n

PENGU\/USDT Chart Analysis (Source: Tradingview)<\/span><\/i><\/p>\n

Pudgy Penguins Price Prediction<\/b><\/h2>\n

Given the parabolic trend, if the bullish momentum persists and the Pudgy Penguins price breaks above the $0.040 resistance, the rally could extend further toward the $0.045-$0.050 range.<\/span><\/p>\n

However, the overbought RSI indicates a risk of short-term exhaustion. A pullback to the $0.034-$0.032 region (near the 50-day SMA) could occur, still keeping the overall bullish structure intact. If the price of Pudgy Penguins  breaks below $0.03094, the rally might lose steam and test the next support near the $0.026-$0.028 zone.<\/span><\/p>\n

As the Pudgy Penguins price aims for a continued surge, some investors are turning to presale meme coins like the newly launched <\/span>Flockerz (FLOCK)<\/span><\/a>.<\/span><\/p>\n

According to 99Bitcoins, a popular crypto channel on YouTube with over 706K subscribers, FLOCK has the potential to soar 100X after its launch.<\/span><\/p>\n