Attention, crypto fans! 🐧 What happens when a memecoin that seemed dormant wakes up with a push of almost 20%? Is PENGU ready for the big party and going to break the barrier of $0.04? 🚀
What a thing, my people! This is what happens when the "Pudgy Penguins" teams up with a heavyweight like OpenSea. Do you remember those NFTs of chubby penguins that were out there? Well now, their token, PENGU, has stolen the show.
It turns out that OpenSea, which is like the largest and most famous marketplace for NFTs, announced that it was teaming up with the Pudgy Penguins. In a post on social media, they said: "The penguins are back home." And boom, since that moment, PENGU skyrocketed by 18%. And it's not just a fleeting rise, this activated a massive buy signal! People are going crazy buying, and the price has gone from being stagnant to dancing the samba.
Technical analysts, who are like the wizards of cryptocurrencies, saw that PENGU broke a pattern called "descending wedge," which basically means it was accumulating strength to explode. Now, the technical gossip is that if it stays above 0.032 dollars, we could see it climb another 27% and reach the much-anticipated 0.04 dollars.
But, pay attention, not everything is rosy. 😬 There is an indicator called ADX that is a bit weak, at a low level, which means that even though the price is rising, the momentum is not as strong as one would expect. It's like the car is going uphill, but it's missing a little bit of gas.
This is important because it reminds us that the crypto world is a rollercoaster. PENGU has a key obstacle at 0.0365 dollars that it needs to overcome to keep flying. But the truth is that traders are betting heavily that it will continue to rise, with buy positions tripling sell positions.
So the question remains: Is this partnership with OpenSea the definitive push for PENGU to become the next star of the neighborhood? 🤔 We will have to keep a close eye on this penguin, because the dance has just begun.$PENGU
