Pudgy Penguins (PENGU) Price Prediction 2023-2025: Will PENGU Reach $1?

The Pudgy Penguins price jumped more than 3% in the last 24 hours to trade at $0.02504 as of 10:46 a.m. EST as investors start to accumulate the meme coin.

The Pudgy Penguins price saw a slight increase of more than 3% in the last 24 hours to trade at $0.02504 as of 10:46 a.m. EST. This comes as investors are starting to accumulate the meme coin.

This rise in the PENGU price comes amid a broader crypto pullback in the last 24 hours. Throughout the past day of trading, the digital asset space’s collective valuation dropped more than 2%.

Pudgy Penguins Price Hovering Above The $0.02383 Support

4-hour chart for PENGU/USD (Source: GeckoTerminal)

The Pudgy Penguins price is hovering above the $0.02383 mark, which was flipped into support in the last 24 hours. PENGU once again dropping below this price point could lead to a plunge to as low as $0.02206 in the short term.

On the other hand, the Pudgy Penguins price entering into a bullish move might lead to the altcoin overcoming the $0.02672 barrier. A 4-hour candle close above this technical threshold could then give the crypto the foundation needed to keep rising, and potentially reach $0.02955.

Technicals Suggest The Pudgy Penguins Price Might Gradually Rise In The Short Term

From a technical standpoint, indicators on the meme coin’s 4-hour chart suggest the Pudgy Penguins price might continue to climb in the next few hours. More specifically, Exponential Moving Averages (EMAs) and the Relative Strength Index (RSI) are showing bullish signs.

In recent hours, the shorter 9 EMA has started to rise towards the longer 20 EMA. This narrowing gap suggests PENGU’s momentum is slowly undergoing a bullish shift. If the 9 EMA crosses above the 20 EMA, it could be followed by a surge in the Pudgy Penguins price.

Meanwhile, the RSI is slowly approaching the neutral 50 mark. The recent increase in RSI readings in the last couple of hours might indicate that buyers are starting to take control of the Pudgy Penguins price. The RSI breaking above 50 in the next few hours could signal a major shift in power on the meme coin’s charts that favors buyers.

As the Pudgy Penguins price tries to keep climbing in the coming 24 hours, investors might want to consider Meme Index (MEMEX), an innovative project that makes it easier for anyone to get diversified exposure to the volatile meme coin market.

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MEMEX Raises Over $2.7 Million In Presale

Meme Index has managed to raise more than $2.7 million through its ongoing presale so far, signaling strong investor confidence in the project’s future.

Several experts have shared their bullish predictions for the new meme coin project as well. Among them is crypto analyst and YouTuber Jacob Bury, who has over 54K subscribers. In a recent video, he said MEMEX could be the next 10X opportunity in the crypto market.

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