Pudgy Penguins Price Prediction: PENGU Soars 14% To Buck Altcoin Crash Today, But Traders Pivot To This $31M PEPE Derivative ICO
The Pudgy Penguins price soared 14% in the last 24 hours to trade at $0.03117 as of 02:08 a.m. EST on trading volume that dropped 2% to $2.3 billion. This comes even as the overall crypto market cap plunged 4% to $3.6 trillion after the Federal Reserve turned more cautious on cutting interest rates. Pudgy Penguins Price Headed Towards A Continued Surge The PENGU/USD chart displays high volatility, with a significant spike in Pudgy Penguins price followed by a sharp correction. The PENGU price experienced a massive vertical pump to a peak near $0.08, which was quickly followed by an equally sharp retracement, according to data from GeckoTerminal . Following the initial correction, the price has entered a bullish flag pattern, as marked by two parallel upward-sloping trendlines. The Relative Strength Index (RSI) is currently at 46.15, which is in the neutral zone. RSI below 50 indicates a slight bearish bias, but the overall positioning remains neutral. The RSI’s decline ...