Pudgy Penguins is gaining steady momentum with expectations increasing across the crypto community. Technical confirmations and demand from the market hint at a big-scale breakout being likely anytime soon. Increasing adoption with plans for global coverage and latest updates are quickly turning PENGU out to be a name to be reckoned with.
At the time of writing, PENGU is trading at $0.03711, with a 24-hour trading volume of $1.01 billion and a market cap of $2.36 billion. PENGU is decreased by 1.60% in the last 24 hours; momentum around PENGU remains strong.
Also Read | Pudgy Penguins Price Alert: Will PENGU Soar to $0.0723 or Plunge to $0.026?
Popular crypto analyst, who goes by Broski, noted that in the last 24 hours, PENGU has managed to outperform all other memecoin leaders from the top 20 list, thus demonstrating its increasing dominance in the field. Whales and shrewd investors are reportedly consistently buying and have raised anticipation for a new all-time high.
Adding to the optimism, analyst Ali Martinez pointed out that PENGU is breaking out from a normal cup and handle pattern with a potential target at $0.22, corresponding to a stunning 400% increase if the pattern plays out.
Aside from technicals, Pudgy Penguins is establishing strong fundamentals. As ETF filings are being reviewed, with an expansion scheduled throughout Asia and millions worth of toys being sold, the project is gaining digital and real-world momentum.
The release of Pudgy Party to Google Play and Apple App Store only further solidifies its global presence and leaves many believing PENGU’s explosive upside is only starting.
Also Read | PENGU Price Analysis: Bullish Momentum Aims for $0.03879 Target
Also read: Hedera (HBAR) Shows Strength: Is $0.40 the Next Breakout Level?