Pudgy Penguins (PENGU)
Key points:
At press time, PENGU was trading at $0.019 following a significant uptrend on the price charts.
PENGU has been among the market’s biggest winners since mid-June.
What you should know:
Despite a few days of price depreciation, PENGU resumed its uptrend on the price charts, and did so in a major way indeed. In fact, it has climbed by over 30% in the last few days alone, with the same highlighted by the bullishness of the altcoin’s technical indicators. Its Simple Moving Average, for instance, was well below the price candles and corresponded with the crypto’s price performance. Similarly, the Parabolic SAR’s positioning below its most recent price candles also reiterated the bullishness of the market. That’s not all either, as the altcoin’s long/short ratio climbed to 1.03 on the back of its growing social volumes. This implied that the crypto’s uptrend might not stop anytime soon.
