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Cryptocurrency News Articles
Pudgy Penguins (PENGU) Price Prediction 2025-2050: Will PENGU Regain Its ATH?
Dec 18, 2024 at 03:20 pm
Pudgy Penguins have become a leading force in the crypto world, backed by one of the most influential communities in the space.
Pudgy Penguins have become a leading force in the crypto world, backed by one of the most influential communities in the space. From major companies rocking the Penguin to appearances in ETF commercials, and with millions of followers and over 50 billion views, the Pengu has grown into a true cultural icon.
PENGU opens the door for the ever-growing Pudgy Penguin fanbase—and the hundreds of millions who encounter and share Pudgy Penguins daily—to join The Huddle. It represents community, memes, and spreading good vibes.
Table of Contents
Pudgy Penguins (PENGU) Price Prediction 2025-2050 Overview
Pudgy Penguins (PENGU) Price Analysis
Will PENGU ’s most recent improvements, additions, and modifications help its price rise?
Pudgy Penguins (PENGU) Price Analysis – Bollinger Bands
The Bollinger bands are primarily three bands– the upper band, middle band and lower band. These bands expand and contract based on the market dynamics. The middle band is the average, while the upper band and lower band are the extreme ends that the price rises or falls to. Based on how the traders interact, the bands expand and contract. When the band expands, there could be a rise or fall of price by a huge margin. However, on the contrary when the band shrinks, there is not going to be much fluctuation in prices.
As shown in the chart above, PENGU is consolidating after shedding some of its value. The Bollinger bands have currently contracted and therefore the price may fluctuate within a short range. However, this could be the calm before the storm as 2025 is the bull run year and the buyers will flock the market. Thereby the price of PENGU could increase by large margin as the bands may widen once again.
Pudgy Penguins (PENGU) Price Analysis – Relative Strength Index
The Relative Strength Index (RSI) indicator used to measure whether the price of a cryptocurrency is over or undervalued. For this purpose, it has two extreme regions known as the overbought and oversold regions.
When the RSI reads a value (>70) then the crypto is overbought, which means that due to more buying the demand has increased as such the price has also increased. On the other hand, when it is oversold (<30), many are selling, as such, its price is undervalued.
The RSI for PENGU reads a value of 70 and it is moving upwards. This shows that PENGU is gaining momentum although the prices seem to be consolidating. Moreover, the above statement could be supplemented if the RSI makes another higher low. Additionally, the RSI also could be used to spot the end of a trend.
For instance, when the RSI and the price of the token move in opposite directions– when the token makes higher highs and the RSI makes lower highs, this means the uptrend of the token is coming to an end.
Pudgy Penguins (PENGU) Price Analysis – Moving Average Convergence and Divergence (MACD)
The Moving Average Convergence and Divergence indicators use two exponential moving averages (EMA) to find how the cryptocurrency is doing. Usually, the longer EMA is the 26-Day EMA and the shorter is the 12-Day EMA. The MACD is found by reducing the 12-day EMA from the 26-day EMA. If the MACD is positive that means the crypto is performing but if it’s negative, then it is losing value.
The MACD for PENGU reads a value of 0.0022 and it is heading deep into the positive region. As the MACD line is placed above the MACD-SMA, it could be stated that PENGU is performing above par. Moreover, the MACD crossover could be used to spot the reversals in the prices of the token.
Pudgy Penguins (PENGU) Price Prediction 2025
The chart shows that PENGU is currently trading inside a symmetrical triangle making lower highs and higher lows. Currently, after touching the lower trendline, PENGU is rising and since the symmetrical triangle pattern is not fully formed, there is a high chance that PENGU could rebound on and off both trend lines.
However, once PENGU breaks out of this pattern, then it may reach above $0.45 after breaking Resistance 1 and 2. However, since 2025 will be the year of the bulls, PENGU will gain value much more than a conventional breakout from the symmetrical triangle. As such, the token could reach $0.75. Nonetheless, in the unlikely event that the bears take control of the market PENGU could reach for support near $0.1.
Pudgy Penguins (PENGU) Price Prediction – Resistance and Support Levels
As per the chart above Pudgy Penguins is at its floor price taking support near the $0.2 level. With the dawn of the new year 2
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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