Explosive Growth of PENGU Token! What's the Reason?
The meme coin Pudgy Penguin, known by its ticker symbol #pengu , has experienced a price surge of over 100% in the past week, reaching $0.03. In the last 24 hours alone, it has grown by 31%, with daily trading volume hitting $2.1 billion. Currently, PENGU is in the overbought zone, as indicated by a high RSI (Relative Strength Index) of 82.
According to technical analysis, the Alligator indicator shows a significant divergence between moving averages, suggesting a strong bullish trend. The price is now considerably above all three moving average lines, indicating intense upward pressure.
