📈 Analysis and forecast for $PENGU on Binance: Further prospects? 📉
As of 11:18 EEST, July 5, 2025, the price of $PENGU on Binance is $0.016813, showing an increase of 6.29% in the last 24 hours. The increase in trading volume and excitement in the community highlight the popularity of Pudgy Penguins, a meme coin on Solana with a strong NFT foundation.
Technically, $PENGU is in an upward trend. On the 4-hour chart, the 50-day SMA crossed the 200-day from below, signaling bullish momentum. The RSI (14) around 65 indicates growing interest, but proximity to the overbought zone requires caution. Key resistance is at $0.018, a breakout of which could lead to $0.020. Support is located at $0.016, with a lower level at $0.014. Holding above $0.016813 supports the current rise.
Forecast: In the coming days, PENGU may test resistance at $0.018, with a chance to rise to $0.020 by mid-July 2025 if momentum is maintained. By the end of 2025, a rise to $0.025–$0.030 is possible if community activity and airdrops continue. The long-term outlook for 2030 is $0.10+, assuming mass adoption and ecosystem development. Risks include volatility and potential correction after a spike. The market shows optimism, with forecasts above $0.018, although some traders warn about profit-taking.
Prospects? A rise of 6.29% and a price of $0.016813 are close to resistance at $0.018. Buying at $0.016 with a target of $0.020 and a stop-loss at $0.014 may be justified. PENGU stands out due to its strong brand and support from Binance, attracting investors. Community activity and speculation highlight growth potential, especially in light of ETF news.
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