Pudgy Penguins (PENGU) is experiencing a strong upward trend with high NFT sales volume leading to good demand for the Token.
The price of PENGU increased by 21% on July 21, extending a 170% rally since the end of June, thanks to the positive trend in the cryptocurrency market in general and increased demand for NFTs.
MAIN CONTENT
Pudgy Penguins has seen a 170% increase since breaking the market structure on June 23.
The NFT sales volume of the collection reached 9.65 million USD in the past week, pushing the floor price up from below 10 USD to 16.88 USD.
Technical indicators and buying pressure suggest that the upward trend of PENGU may continue.
How and why has Pudgy Penguins increased in price?
According to data from CEO TinTucBitcoin and reputable NFT platforms, Pudgy Penguins has rapidly grown after breaking the market structure on June 23, leading to a 170% increase in a month. The NFT trading volume reached 9.65 million USD in the most recent week, helping the NFT floor price rise from below 10 USD to 16.88 USD, reflecting strong buying power from the community and investors.
As a result, the price of PENGU Token has also increased accordingly, rising by 21% just on July 21. This data is confirmed by NFT Price Floor and CryptoSlam, showing signs of stability and continued positive growth of this collection in the cryptocurrency market.
The results from the growth in NFT trading volume are clear evidence of the increasing appeal of Pudgy Penguins. This is a positive signal for any investor looking to enter the NFT market and related Tokens.
– CEO of TinTucBitcoin, July 2025
Does the current technical trend of PENGU allow for continued upward momentum?
Analysis of the 1-day chart of PENGU shows a breakout of market structure at the end of June, continuing the extended upward trend. Although RSI slightly decreased from 87 to 75, the Token still maintains an overbought status, proving that demand remains strong with no immediate signs of reversal.
On July 21, PENGU surpassed the resistance level of 0.0361 USD, a price that appeared in January 2025, subsequently pushing the price higher along with the increasing OBV indicator indicating positive buying pressure.
We see solid breakout signals based on RSI, ADX, and DMI indicators, while reasonable price ranges are set for investors to expect a 25% profit in the coming days.
– Cryptocurrency market analyst John Lee, July 15, 2025
What does the 4-hour chart show about this rally?
On the 4-hour chart, RSI dropped to a neutral level of 50 a few days ago and then bounced back above 70, marking a recovery and continuation of the upward trend. The fair value gap (FVG) formed creates a potential support point for swing traders to take advantage of buying opportunities.
The DMI indicator indicates that the upward trend still prevails as both ADX and +DI exceed the 20 threshold, despite some temporary sideways price movements.
What is the next target price for PENGU?
According to technical analysis, the next key resistance level for PENGU is 0.047 USD, equivalent to the potential for an additional increase of about 25% from the current price. This is an attractive target for short- and mid-term investors to take advantage of the upward wave while the market is still positively supportive.
Characteristics Floor Price NFT (USD) PENGU Token Growth NFT Sales Volume (7 days) Highlighted Technical Indicators From June 23 – July 21, 2025 From < 10 to 16.88 Increased by 170%, with an additional 21% increase on July 21 9.65 million USD RSI > 70, OBV increasing, DMI, ADX > 20
Frequently Asked Questions
What are Pudgy Penguins and why do they attract investors?
Pudgy Penguins is a highly attractive NFT collection, leading in trading volume and Token price increase thanks to a strong community and positive cryptocurrency trends.
Does PENGU have the potential to increase further?
Current technical indicators and buying pressure suggest that PENGU Token has the potential to increase by about 25% in the short term, suitable for investors who prefer moderate risk.
What is the NFT volume at Pudgy Penguins?
In the past week, the NFT sales volume of Pudgy Penguins reached 9.65 million USD, helping the floor price surge and supporting the Token price upward.
What indicators should be monitored to evaluate PENGU?
RSI, OBV, DMI, and ADX are important indicators that help accurately assess the trend and buying momentum of PENGU.
How to safely buy NFTs or PENGU Token?
Transactions should be conducted on reputable platforms, checking cold wallets or high-security hot wallets, and avoiding purchases on unverified exchanges or partners.
Source: https://tintucbitcoin.com/pengu-tang-sau-sot-nft-lieu-tang/
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