PENGU Coin on the Rise: Will the Rally Hold Amidst Pudgy Party Hype?
Jakarta, Pintu News – Pudgy Penguins’ official meme currency, PENGU, is witnessing a remarkable surge as excitement builds around their upcoming mobile game, Pudgy Party.
Riding the Wave of Anticipation
With plans within the pipeline for a launch on each the Apple App Store and Google Play, the value of $PENGU is mirroring the fervor of investors. The big query stays: will this bullish trend proceed?
According to CoinMarketCap, PENGU experienced a jump from a each day low of $0.02897 to a high of $0.03456 before settling around $0.03242 on July 16. This excitement was further fueled when Coinbase, a serious American crypto exchange, adopted NFT Pudgy Penguins as their profile picture, causing the meme token to skyrocket by over 117% in only per week.
Mobile Gaming Meets Meme Coin Fever
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In an exciting collaboration with Mythical Games, Pudgy Penguins is making its mark in mobile gaming with Pudgy Party—a fast-paced multiplayer royale game designed for casual gamers, soon to be available on major platforms.
While details in regards to the game mechanics are still under wraps, early previews suggest a vibrant social game infused with collectible elements, staying true to the distinctive aesthetic that has made Pudgy Penguins a standout brand within the NFT space.
Adding to the excitement, a $5,000 giveaway in $PENGU tokens is about to accompany the sport’s launch. To participate, users must retweet Pudgy Party’s promotional tweet, pre-register with their email and Solana wallet (SOL), and meet certain eligibility criteria for a probability to win $1,000 each.
The giveaway runs from July 14 to August 1, 2025, and is proscribed to US residents aged 18 and above.
Price Analysis: What Lies Ahead for PENGU?
As of the 4-hour chart on July 16, the RSI indicator stands at 69.62, nearing overbought territory. This indicates robust momentum but in addition suggests potential short-term exhaustion if buying pressure diminishes.
PENGU has the potential to interrupt the $0.040 barrier, especially if the SEC approves Canary’s PENGU ETF filing. The MACD indicator stays in bullish territory, though its histogram is flattening, hinting at possible weakening momentum.
According to Bollinger Bands, PENGU is aggressively riding the upper band, a standard pattern signaling a parabolic breakout. Should the momentum slow, a price correction towards the center band ($0.0297) is plausible.
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The ATR indicator has spiked to 0.00221, indicating increased volatility. Traders should brace themselves for significant price swings.
Fibonacci retracement levels show immediate support at $0.03136 (0.236 Fib level), with stronger support around $0.0297, aligning with the Bollinger Band’s middle band. The next resistance zones are at $0.0361 (0.5 Fib) and $0.0383 (0.618 Fib), with potential extension as much as $0.0452.
Should PENGU maintain the $0.031 level and surpass the 0.382 Fibonacci resistance at $0.0340, the value could ascend towards $0.038. However, failure to carry support at $0.0313 might result in a downturn to $0.0297 and even $0.0270, aligning with the 0 Fib bottom level.
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Disclaimer
This content is meant to counterpoint readers’ knowledge. Pintu gathers information from various credible sources, remaining uninfluenced by external parties. Remember, an asset’s past performance isn’t indicative of its future performance. Crypto trading involves high risk and volatility. Always conduct thorough research and use funds you’ll be able to afford to lose before investing. All investment activities, including buying and selling bitcoin and other crypto assets, are the reader’s responsibility.
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