PENGU Price Surges as Pokémon Partnership Speculation Grows
PENGU price surged more than 14% in the past 24 hours, reaching a market capitalization of $2.57 billion. Recent speculation about a potential collaboration between Chunky Penguin and Pokémon has sparked a lot of excitement among investors.
This adds fuel to an already strong upward trend, as the token continues to attract attention from the meme token space. With technical indicators showing strong support, PENGU may soon test key resistance levels and set new price milestones.
PENGU’s potential collaboration with Pokémon could push its price to $0.10
A recent tweet from Pudgy Penguin holder @broskisol sparked excitement promise Community. The post hints at rumors of a possible collaboration between Chunky Penguin and Pokémon, a move that could significantly boost the project’s status if confirmed.
The speculation has piqued the interest of holders, with many foreseeing the potential impact of such a high-profile partnership.
If the collaboration comes to fruition, it could transform promise Brand and price. Partnering with one of the most recognized entertainment franchises in the world can attract widespread attention, stimulate demand, and drive up the value of your coin.
In this scenario, PENGU could surge to $0.10 or higher, marking a historic milestone same corner. However, without confirmation of the rumors, the current excitement may remain speculation.
PENGU RSI shows more upside is possible, but its uptrend needs to continue strong
PENGU’s Relative Strength Index (relative strength index) is currently at 64.6, reflecting strong momentum but still below the overbought threshold of 70. RSI measures the speed and intensity of price changes and ranges from 0 to 100, with values above 70 indicating overbought conditions and a potential pullback. Conversely, values below 30 indicate oversold conditions and a possible recovery.
PENGU’s RSI is 64.6, indicating that the coin is still in a bullish phase, but approaching 70 suggests that the upward momentum may be approaching its limit, so caution is warranted.
Average Directional Index (ADX) promise It has climbed to 27.3 from 20.1 a day ago, indicating that the trend is strengthening. ADX measures trend strength on a scale from 0 to 100, with values above 25 indicating a strong trend. While the uptrend remains intact, the slowdown in ADX growth suggests momentum may be stabilizing.
In the short term, penguin price The upside is likely to continue, but the combination of high RSI and slowing ADX growth warrants keeping a close eye on any signs of consolidation or signs of a potential trend shift.
PENGU Price Prediction: Will PENGU Test $0.05 in January?
If the current uptrend remains strong, PENGU price may soon challenge the $0.043 resistance. A break above this level could pave the way for further gains, with the next target being $0.05, a milestone the coin has never reached before, making it one of the most valuable currencies Solana Meme Coin.
The downside is that if the uptrend reverses, penguin price May face a sharp decline. The nearest strong support is located at $0.029, and failure to hold this level may lead to further losses and the price could drop to $0.025.
Disclaimer
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