Pudgy Penguins (PENGU) Makes a Splash Among Top Gainers, Is This the Start of a Major Bull Run?
The post Pudgy Penguins (PENGU) Makes a Splash Among Top Gainers, Is This the Start of a Major Bull Run? appeared on BitcoinEthereumNews.com.
Pudgy Penguins is trading within the $0.01169 range. PENGU’s daily trading volume has surged by 88%. The recovery attempts have pushed the crypto market cap toward $3 trillion, with both losses and gains lingering in the market. The Fear and Greed Index reading is holding at 56, reflecting a neutral momentum. Meanwhile, Pudgy Penguins (PENGU) has recorded a surge of 10.81%, emerging as the top gainer. The asset’s sturdy bullish wave can emerge after testing the crucial resistances. Pudgy Penguins opened the day trading at a daily low of $0.01023. The bulls in command have broken the resistance at $0.01094 and $0.01188, sending the price to a high of $0.01268. At press time, Pudgy Penguins traded within the $0.01169 range, with a market cap of $734 million. Notably, the asset’s daily trading volume has increased by over 88.94%, reaching $251 million. Will PENGU Take Flight to New Highs? PENGU’s brief bullish sentiment could trigger the price climb to the $0.01198 level. Assuming the bull strength to stay, the asset might drive it up to $0.01232. This range, upon breaking, kick-starts a rally, climbing to its former highs. If the asset initiates a downside correction, the price might slip toward $0.01158. An extended loss initiates a death cross, with the potential bears pushing Pudgy Penguins back to its established lows at around the $0.01115 mark. The Moving Average Convergence Divergence (MACD) line is marginally above the signal line. This likely indicates a positive crossover with the upside potential ahead if it stays above. Besides. PENGU’s Chaikin Money Flow (CMF) indicator at -0.10 suggests mild selling pressure and the money flowing out of the asset. The asset’s Bull-Bear Power (BBP) value of 0.000514 shows a bullish momentum, which is weak. Moreover, the daily relative strength index (RSI) of Pudgy Penguins is found…
Filed under: News - @ May 3, 2025 10:17 am