PENGU Increased by 200 Percent!
As spring weather blows through the crypto markets, a coin called Pudgy Penguins (PENGU) is at the center of this optimism. PENGU, which fell to its base price at the beginning of April, has recorded an impressive 250 percent increase since April 9. The project, which especially attracted attention with the airdrop of approximately $60,000 it gave to NFT owners, made a rapid entry into the market and reached an all-time high in a short time. However, the sharp declines experienced in the first months of 2025 demoralized investors.
Now, the PENGU price is charting a new course above the long-standing downtrend, while technical analysis points to a strong recovery. In particular, the rise above the $0.007 region and the breakout of the historical resistance line show that the upward momentum is technically supported. However, there is an important warning for investors: The Relative Strength Index (RSI) has reached the level of 83, entering the overbought region, and the MACD indicator is also at historical highs. In other words, the possibility of a correction in the short term is on the table.
Despite this, the general outlook draws a promising picture in the long term for Pudgy Penguins, which is traded at $0.012 as of the time this news was written.
⚠️ Note: My posts are not investment advice. There may be errors due to translation. Please do your own review. You can also write your thoughts in the comments section.
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