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Penguins rally as open interest, trade volume hit three-month highs
The Pudgy Penguins rose 156% last week and continue their advances on Monday.
PENGU's open interest and trading volume hit three-month highs, signaling bullishness.
Technical indicators imply a rebound to $0.015 or above.
Pudgy Penguins (PENGU), a meme coin based on penguins on the Solana (SOL) blockchain, is up 5% to $0.013 on Monday after rising 156% last week. On-chain data like PENGU's three-month high open interest and trading volume reinforce bullish sentiment. The technical outlook is positive, hitting $0.014 before $0.017.
Over 150% rise in PENGU as on-chain evidence favor bullishness
Pudgy Penguins gained over 156% last week after launching its Solana-based token PENGU from an Ethereum Non-Fungible Token (NFT). The penguin-based memecoin rose over 35% in 24 hours, according to CoinGecko. World Penguin Day is on Friday, so speculators may be speculating on this price rise.
On-chain data suggests PENGU's future is bright. PENGU futures OI at exchanges surged from $49.92 million on Friday to $133.68 million on Monday, the biggest amount since January 28, according to Coinglass. An higher OI indicates new money entering the market and buying, which could fuel the Pudgy Penguins price increase.
A recent increase in Pudgy Penguins trading interest and liquidity boosts the platform's prospects. Santiment data showed PENGU's trading volume jumped from $155.68 million on Saturday to $517.53 million on Monday, the biggest since January 19.
Pitiful Penguins Price Forecast: Bulls Want $0.014
Saturday, Pudgy Penguins smashed weekly resistance at $0.009 and soared 47.58% to Sunday's $0.010 daily resistance. As of Monday, it is up 5% at $0.013.
PENGU may retest its next resistance level at $0.015 before reaching its February 1 high of $0.017 if it continues to rise.
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$PENGU Smashes the Target – Another Solid Win
PENGU has delivered another perfect rally, surging to a high of $0.013798 and smashing our target exactly as predicted. The bullish momentum stayed strong, rewarding those who followed the call on time.
Market Recap:
Entry Zone Highlighted: Earlier below $0.0100
Current High: $0.013798
Current Price: Around $0.013480
Big congratulations to everyone who picked up the call early and locked in great profits. Stay sharp – more opportunities are on the way.
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$PERP Breaks Out Strongly – Target Achieved with Massive Gains
#PERP has smashed through key resistance, hitting a 24-hour high of $0.3714 after a strong rally. This breakout confirms the bullish momentum and has delivered impressive profits to those who followed the move.
Market Recap:
Entry Call: Around $0.2900-$0.3000
Breakout Confirmation: Clear surge past $0.3360
Final Target Hit: $0.3700+
What’s Next?
Holding above $0.3600 could open doors for a further move higher.
A healthy pullback towards $0.3400-$0.3500 may offer fresh buying opportunities before another push upward.
Big congratulations to everyone who made profits on this breakout. Stay tuned for the next major setup.
Buy and Trade here on $PERP
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$CHESS Liquid Staking Showing Bullish Momentum! 🚀
On the 1h timeframe, $CHESS currently at $0.0767, up by a solid +6%! The 24h high is $0.0769, with a volume of 35M CHESS and 2M USDT. The RSI is climbing at 69, indicating increasing buying pressure.
✅ Key Observation:
#CHESS is showing consistent upward momentum on the 1-hour chart, approaching its 24h high.
next Next Potential targets:
🎯 $0.0769 (24h high - immediate resistance)
🎯 $0.0780 (potential next resistance level)
🎯 $0.0800 (potential further resistance if momentum continues)
🛡️Important Support Level (to watch for potential pullback):
🛡️ $0.0755 (potential near-term support zone)
🛑 Stop Loss: Consider a stop loss around $0.0745 to manage risk.
📈 **Potential Price Path in the Next Hours:**
#CHESS is steadily gaining upward momentum as it approaches its 24-hour high of $0.0769. A sustained break above this level with increasing volume could lead to a move towards the $0.0780 resistance and potentially extend towards $0.0800. The rising RSI suggests continued upward potential in the short term. Keep an eye on volume for confirmation.
Buy and trade here on
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