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Pudgy Penguins Price Prediction: What To Expect in PENGU Price in 2024 & Beyond?

PENGU price sparks interest after listing on major exchanges.
Pudgy Penguins' price is trying hard to reverse the upward pressure which is preventing it from surpassing the pivotal resistance at $0.03. Meanwhile, the bulls who remain vigilant over the ongoing price action are expected to initiate a fine upswing and push the prices beyond the accumulated range.

Key Takeaways

  • Pudgy Penguins Current Status: Pudgy Penguins’s price is accumulating around the local bottoms after a massive pullback, hinting towards a potential rebound on the horizon. However, the volume has surged to some extent which could further keep up the bullish momentum of the token. Meanwhile, the lack of bullish strength may raise some concerns but the bears also seem to be exhausted, paving the way for a strong rise ahead. 
  • Market Performance: Pudgy Penguins is trading at
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    and has surged by over 2.82% in the past 24 hours. The market cap has decreased to $1.43 billion with a similar pullback, while the trading volume increased by over 34.91% to reach close to $375.56 million. The bullish sentiments of the token have dropped to 39% and the fear and greed index has reached 60, suggesting the traders have turned greedy.
  • Technical Analysis: The PENGU price has been trading around the average range for over a month and hence an excess consolidation is expected to break out soon. The bears appear to have run out of strength which suggests the bulls may soon reclaim their dominance. Meanwhile, the short-term analysis suggests the bulls trying hard to elevate the levels towards the 50-day MA which may turn the tables for the PENGU price rally and mark fresh yearly highs above $0.05.
  • PENGU Price Prediction: Pudgy Penguins have been failing to display strength as the levels continue to consolidate within a narrow range. Meanwhile, the rally seems to have reached the edge of the accumulation phase which coils result in a massive breakout, probably elevating the levels beyond the current highs. Therefore, the PENGU price is believed to remain elevated for the rest of the year and form a new ATH above $0.1.
  • Future Outlook: Regardless of the persisting volatility, the Whales have shown a significant interest in the token. PENGU was one of the biggest airdrops seen in recent times and as a result, traders are expected to remain vigilant about this crypto. This could also keep the price volatile, attracting significant volume in the coming days and keeping the future outlook of the token, bullish.

Read: How to buy PENGU in India

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Where will Pudgy Penguins Price Head Next?

pudgy penguins pengu price prediction technical analysis chart
PENGU/USD | Source: TradingView
  • The short-term price action of PENGU price suggests the token is gathering strength to trigger a strong rise as the bulls have halted extended pullback.
  • The price in the hourly chart has reached the edge of the consolidation within the falling wedge which usually results in a massive upswing.
  • The volume has also increased to some extent hinting towards a rise in the interest of the market participants.
  • Meanwhile, the RSI is slowly climbing by is yet to surpass the average levels which could delay the progress of the rally.
  • Hence, if the price manages to rebound and rise beyond $0.025, then a 10% rise could elevate the levels to the pivotal resistance at the 50-day MA at $0.028.
Indicator Value
Support levels (Fibonacci, S1/S2/S3)
$0.017/ NA/ NA
Resistance levels (Fibonacci, R1/R2/R3)
$0.081/$0.100/$0.132
50-day EMA
NA
200-day EMA
NA
RSI level
37.98
MACD level (Signal Line)
-0.0023

Pudgy Penguins Price Prediction January 2025

After the rise, in the beginning, the price of the Pudgy Penguins started the monthly trade on a bullish note, with over 55% rise. However, the price quickly dropped by over 50% as the market sentiments turned bearish for a while. Meanwhile, the bulls have halted the persisting descending trend and trying to validate a strong rise from the local bottoms. After the inauguration of the new President, the markets turned bullish but the PENGU price displayed less impact. This suggests the bulls could be waiting for the right time to initiate a fresh bullish run. Therefore, the Pudgy Penguins price could rise beyond $0.03 and close the monthly trade between $0.0295 and $0.032.

What is Pudgy Penguin?

Pudgy Penguins is a highly regarded NFT collection that has expanded its horizons into the crypto space through the introduction of its native token, PENGU. Originating as a set of 8,888 unique, cartoon-style penguin NFTs launched on the Ethereum blockchain, Pudgy Penguins quickly gained popularity for their vibrant art and the community-centered ethos they represent.

The NFT collection stands out for its strong focus on building a relatable brand that resonates with a broad audience. More than just collectibles, Pudgy Penguins offer various utilities within the growing ecosystem, including access to exclusive community events, digital and physical merchandise, and future gamified experiences. This blend of cultural relevance and utility has helped the brand carve a niche in the competitive NFT and crypto markets.

Recently, the project took a major leap with the introduction of PENGU, a token designed to complement the Pudgy Penguins ecosystem. While its full use cases are still unfolding, the token aims to deepen user engagement, reward community participation, and support broader adoption of the ecosystem. With a passionate fan base, a history of innovation, and an expanding ecosystem, Pudgy Penguins continues to garner significant attention in both the NFT and crypto spaces.

Read more about What is Pudgy Penguins

Will Pudgy Penguin Price Increase?

As PENGU was recently listed and has limited price action, making any definitive price prediction would be speculative at best. Cryptos, especially new tokens, often experience heightened volatility during their early trading phases, with prices influenced by market sentiment, trading volume, and investor enthusiasm.

Given Pudgy Penguins’ established popularity in the NFT world and its strong community backing, there is potential for PENGU to gain traction over time. However, predicting its future performance will require more trading history and a clearer understanding of the token’s role within the broader Pudgy Penguins ecosystem.

For now, it’s wise to monitor market developments, community updates, and emerging use cases for PENGU. Stay tuned to reliable sources for the latest insights into this new token and its evolving journey.

Pudgy Penguin Coin Price Prediction?

With Pudgy Penguins (PENGU) newly listed on major exchanges, the token’s price action is still in its infancy, offering minimal data to form an accurate PENGU price prediction for December 2024. Having reached an initial peak of over $0.039 before stabilizing near $0.035, PENGU has displayed significant early volatility.

While it’s too soon to determine long-term trends, the buzz surrounding Pudgy Penguins price and its ecosystem suggests the potential for dynamic price movements in the coming weeks. Investors should keep a close watch as the market digests this new token’s entry.

For real-time updates and insights, stay tuned for the latest PENGU price predictions.

Will the Pudgy Penguins Price Continue to Rise in 2025?

Pudgy Penguins started its trading journey with a massive upswing with a rise of over 2000% marking the highs at $0.07. Since then the prices have been consolidating above the gains, trying hard to revamp a strong ascending trend and mark new highs. Therefore, the PENGU price will rise again in 2025 and remain elevated for the rest of the year.