PENGU in the spotlight!
Pudgy Penguins ($PENGU) — a meme coin that recently launched on Binance, with strong community support and the status of the second largest NFT collection in the world. This coin is currently at the peak of hype due to its listing and the excitement around NFTs. Is it time to enter?
Technical analysis
Trend: The price broke the local maximum at $0.14, 50-day SMA above 200-day SMA — bullish signal.
RSI: 73 — the market is hot, but the momentum is still strong.
MACD: Bullish crossover confirms further growth.
Conclusion: The technicals say — there's a buying opportunity!
Why PENGU?
Hype factor: Listing on Binance on January 31, 2024, caused a price increase of 109% and capitalization growth of 405%. The community is actively pushing the project forward.
Fundamentals: PENGU is not just a meme, but an ecosystem with NFTs, an airdrop program, and plans for Web3. Experts predict it will enter the top 30 cryptocurrencies.
Forecast: The price could reach $0.20 by the end of 2025 if the current momentum is maintained.
Trade signal
Entry: ~$0.14 (current price).
Stop-loss: $0.12 (-14%) — protection against correction.
Take profit: $0.18 (+28%) — target at resistance levels
Why is it worth checking out?
Technicals: Breakout of ATH and bullish indicators — green light for growth.
Listing on Binance: Access to 264M+ platform users = liquidity and hype.
Risks are under control: Stop-loss minimizes losses, while the target provides juicy profit.
Caution: Meme coins are volatile, a correction is possible due to RSI overheating. DYOR and don't go all in!
Conclusion: PENGU is a hot coin with a powerful community and support from Binance. Seize the moment, but keep risks in check! 🐧 Ready to jump into the trade?
Date: July 14, 2025, 03:56 EEST.
