The post Pudgy Penguins (PENGU) Price Prediction for March 10 appeared on BitcoinEthereumNews.com.

Currently, Pudgy Penguins (PENGU) is trading at $0.005765, following a 5.31% increase in the last 24 hours. However, over the past 30 days, the token has seen a significant decline of 45.06%. This short-term uptick may have been driven by speculative trading, positive social media sentiment, or a temporary bounce after a period of heavy selling. PENGU Price Analysis Analyzing the chart patterns of PENGU provides further insight into its potential future price action. Over the past month, PENGU has been consolidating within a relatively narrow range. This sideways trading indicates that the market is in a holding pattern, with traders waiting for a catalyst to push the price either higher or lower. Bullish candlestick formations, such as bullish engulfing patterns and hammers, have been observed near key support levels. These formations indicate that buyers are beginning to step in during short-term dips, potentially setting the stage for a reversal if confirmed by higher trading volumes. A decisive breakout above the primary resistance zone of $0.005900–$0.006100 would serve as a strong bullish signal, suggesting that buying pressure is starting to dominate the market. Conversely, if the price fails to break resistance and instead retraces, it could indicate that bearish sentiment will continue to prevail. PENGU Price Prediction If buyers continue to support the price around the $0.005500–$0.005700 range and if trading volume increases during a potential rebound, PENGU could break through the primary resistance of $0.005900–$0.006100. In this scenario, the token may rally to a target range of approximately $0.006100 to $0.006300 by the end of the trading day. This breakout would signal that bullish momentum is starting to overcome the prevailing bearish sentiment, potentially attracting further investor interest. Conversely, if selling pressure continues and PENGU fails to hold its support levels, the price could continue to decline. A sustained…

---

Filed under: News - @ March 11, 2025 12:29 am