- Price Movement: PENGU's price surged 18% after OpenSea announced its partnership with Pudgy Penguins NFTs, making OpenSea the official marketplace for these NFTs. The token is currently trading at around $0.033-$0.034, with a 24-hour trading volume of $857 million-$881 million.
- Partnership: The OpenSea partnership has boosted PENGU's price and could potentially drive it to $0.04, a 27% increase from current levels. However, the $0.0365 level might pose a challenge to PENGU's upside momentum.
- Technical Indicators: The SuperTrend indicator has turned green, signaling an uptrend, while the Average Directional Index (ADX) suggests a weak trend. Analysts are watching the $0.032 level as a crucial support.
- Market Cap: PENGU's market cap stands at around $2.14 billion, with a circulating supply of 62.86 billion tokens.
- Resistance Levels: Key resistance levels to watch are $0.03774 and $0.040. A decisive close above the Monday high at $0.03464 could confirm a channel breakout.
- Future Projections: Some analysts predict PENGU could reach $0.10, driven by growing confidence in its community and potential ETF approval. If PENGU matches Dogecoin's market cap, its price could surge to $0.52.
