Is It Too Late To Buy PENGU? Pudgy Penguins Price Soars 18% And This Might Be The Next Crypto To Explode
The Pudgy Penguins price has soared 18% in the last 24 hours to trade at $0.03140 as of 3:20 a.m. EST on an 89% pump in trading volume to $654 million Pudgy Penguins Price Could Surge Above The Neckline The PENGU/USDT chart on the 1-hour timeframe shows a classic bullish setup, marked by a rounded bottom formation. This pattern, often indicative of accumulation, reflects a gradual shift from bearish to bullish sentiment. The rounded bottom concluded with a breakout above the neckline at approximately $0.0315, signaling a potential trend reversal and setting the stage for further upward movement. The measured target for this breakout is near $0.0400, derived by adding the height of the rounded bottom to the neckline level. This aligns with the typical behavior of such patterns, where breakouts often result in significant price rallies. PENGU/USDT Analysis Source Tradingview The bullish case is further supported by the moving averages. The 50-period moving average (MA50), currentl...