PENGU rate has actually risen over 14% in the previous 24 hours, bringing its market cap to $2.57 billion. The current speculation surrounding a possible cooperation in between Pudgy Penguins and Pokémon has actually sustained considerable enjoyment amongst financiers.
This has actually included momentum to a currently strong uptrend, as the coin continues to draw in attention in the meme coin area. With technical signs revealing strong assistance, PENGU might quickly check vital resistance levels and set brand-new cost turning points.
PENGU Potential Collaboration With Pokémon Could Spark Its Price to $0.10
A current tweet by Pudgy Penguin holder @broskisol has actually triggered enjoyment within the PENGU neighborhood. The post mean reports of a possible partnership in between Pudgy Penguins and Pokémon, a relocation that, if verified, might considerably raise the job’s status.
This speculation has actually currently stirred interest amongst holders, with lots of imagining the possible effect of such a prominent collaboration.
Reports about Pudgy Penguins and Pokémon partnership. Source: X
Needs to the partnership emerge, it might change PENGU brand name and cost. Lining up with among the world’s most acknowledged home entertainment franchises might bring in extensive attention, increase need, and drive the coin’s worth greater.
In this situation, PENGU might possibly rise to $0.10 or beyond, marking a historical turning point for the meme coin. Without verification of the reports, the present enjoyment might stay speculative.
PENGU RSI Shows More Upside Is Possible, But Its Uptrend Needs to Continue Strong
PENGU’s Relative Strength Index (RSI) is presently at 64.6, showing strong momentum however remaining listed below the overbought limit of 70. The RSI determines the speed and strength of cost modifications on a scale from 0 to 100, with worths above 70 suggesting overbought conditions and prospective pullbacks. On the other hand, worths listed below 30 recommend oversold conditions and possible healing.
PENGU RSI. Source: TradingView
At 64.6, PENGU’s RSI recommends that the coin is still in a bullish stage, however the distance to 70 suggests care as upward momentum might be approaching a limitation.
The Average Directional Index (ADX) for PENGU has actually reached 27.3, up from 20.1 simply a day earlier, indicating an enhancing pattern. The ADX steps pattern strength on a scale from 0 to 100, with worths above 25 suggesting a strong pattern. While the uptrend stays undamaged, the slower speed of ADX development recommends that the momentum might be supporting.
PENGU ADX. Source: TradingView
In the short-term, PENGU rate might continue its upward motion, however the mix of a high RSI and slowing down ADX development warrants attention for any indications of combination or a possible shift in pattern.
PENGU Price Prediction: Will It Test $0.05 In January?
If the existing uptrend stays strong, PENGU cost might quickly challenge the resistance at $0.043. A breakout above this level might lead the way for additional gains, with the next target at $0.05, a turning point the coin has actually not reached previously, making it among the most important Solana meme coins.
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