Trader Says Altcoin That’s Exploded 800%+ in Five Months Set To Revisit All-Time Highs, Maps Path Forward for Ethereum and Solana
A widely followed crypto analyst says that one non-fungible token (NFT)-related altcoin is set to revisit its previous all-time highs while updating his outlook on Ethereum (ETH) and Solana (SOL). In a new thread, pseudonymous crypto trader Altcoin Sherpa tells his 245,200 followers on X that based on technical indicators, Pudgy Penguins (PENGU) – an altcoin that’s seen 800%+ gains in five months – appears ready to revisit its all-time high after a period of stagnation. “PENGU downtrended for 1.5 months, chopped at the 0.50 [Fibonacci level], and is now moving. I’ve finally got a position when it flipped the .382 [Fibonacci level] and I took a tiny bit of profit. Going to keep maintaining this position though and will look to add on any dips. I think it eventually goes back to the highs again.” Source: Altcoin Sherpa/X PENGU is trading for $0.0358 at time of writing, a 5.9% increase on the day. Five months ago, the altcoin is valued at jus...