Pudgy Penguins Price Prediction: PENGU Jumps 2% As Investors Flock To This Meme Coin Rival Presale With Just Hours Left
The Pudgy Penguins price jumped over 2% in the last 24 hours to trade at $0.02367 as of 10:00 p.m. EST as investors slowly start to accumulate the crypto. During the past day of trading, the PENGU price was able to reach a 24-hour high of $0.02732. It has since retraced to trade at its current level, likely due to profit taking from traders. Pudgy Penguins Price Resting On Support 4-hour chart for PENGU/USD (Source: GeckoTerminal ) The Pudgy Penguins price dropped out of an ascending channel that formed on its 4-hour chart over the weekend, and is now testing the $0.02395 support level. Should it drop below this technical crutch in the coming few hours, the meme coin might end up plunging to the subsequent mark at $0.02202 in the short term. The Pudgy Penguins price maintaining a position above $0.02395 for the next 8 hours could lead to a bullish turnaround. In this alternative scenario, traders might identify the crypto’s current price as a buy opportunity, which could re...