$PENGU $PENGU $PENGU
PENGU Jumps 250% – What's Behind the Surge?
As spring boosts the crypto markets, Pudgy Penguins (PENGU) has become a hot topic. After dropping to its lowest price in early April, PENGU has soared by an impressive 250% since April 9. The coin gained major attention after giving out an airdrop worth around $60,000 to NFT holders. This helped it make a strong return to the market and hit an all-time high quickly.
Still, the steep drops earlier in 2025 had shaken investor confidence. Now, PENGU is moving above its long-term downtrend, showing signs of recovery. Technical analysis also supports this upward trend. The price rising above $0.007 and breaking past a major resistance level signals growing strength.
However, investors should be cautious. The Relative Strength Index (RSI) has hit 83, which means the coin is overbought and might face a short-term correction. The MACD indicator is also at a high level, adding to the warning signs.
Even with this short-term risk, the long-term outlook for PENGU remains positive. As of now, the price stands at $0.012.
⚠️ Note: This is not financial advice. There may be translation errors, so please do your own research. Feel free to share your thoughts in the comments.
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