Pudgy 🐧Penguins Price Prediction: Best Meme Coin With Utility?
After several weeks of showing bearish signals, a bull run has, once again, arrived in the crypto space. 🐧
Bitcoin has rebounded above its $94k support and seems to be preparing for a move towards $100k level, while the meme coin market cap has finally reclaimed the $56 billion threshold. 💹
One of the utility-driven meme coins that appears to have benefitted hugely from this bullish reversal is Pudgy Penguins (PENGU). 🚀
The popular Solana meme coin has undoubtedly been one of the strongest-performing crypto assets over the past week, rallying by nearly 113% to reach the $0.011 level. 🚀🚀
🚨While PENGU has seen significant recovery from its recent lows, cues from experts suggest that the bearish momentum is not far from over.
In fact, any unexpected macroeconomic news can result in major downside momentum, possibly pulling the token price back to its lows.
Pengu Strong Setup 🫡
Pengu is showing strong signs of holding support after the recent rally. Price action remains healthy above 0.00970, with buyers stepping in quickly on dips.
If momentum continues, a breakout above 0.01024 could trigger the next leg higher.
Market structure remains bullish — dips are for buying until proven otherwise.
#Pengu #Crypto #bullish
