PENGU Coin Value Forecast: Is a Jump from $0.0280 to $0.043 Possible?
In the world of cryptocurrency, the price of Pudgy Penguins (PENGU) is making headlines as it prepares for another potential leg higher. According to an analyst, Jesse Peralta, the setup suggests that Pudgy Penguins could be gearing up for a surge.
Currently, Pudgy Penguins is trading at $0.02920, a decrease of 4.30% in the last 24 hours. The price is holding within a support band between $0.030 and $0.028, a crucial demand zone for the digital asset.
The global release of Pudgy Party, the game associated with Pudgy Penguins, on Apple's App Store and Google Play Store is adding utility and visibility to the Pudgy Penguins ecosystem. This product launch could expand PENGU's reach beyond the crypto-native audience, potentially driving a wave of attention and increasing demand.
The price of PENGU continues to rest inside the $0.030 to $0.028 demand zone, with a heavy cluster of nearly $350K in liquidation levels located at $0.0310. If the bulls manage to drive a retest towards this level, it could flip momentum and set the stage for a sharp upside move.
According to analyst projections, the low-to-mid $0.02 range is an attractive accumulation zone before a stronger push. If momentum flips and short liquidations above $0.031 are triggered, a quick rally towards the $0.035 to $0.043 range could occur. A clean breakout above $0.033 to $0.035 could open up room towards $0.043.
However, a breakdown below $0.028 risks dragging the price towards deeper liquidity pockets near $0.025. Market data shows volume cooling slightly, but liquidity remains concentrated around this range, suggesting a potential for volatility.
With technical support holding and momentum ready to reset, the stage is set for an exciting period for Pudgy Penguins investors. As the launch of Pudgy Party fuels fresh hype and user adoption, the price of PENGU could be poised for its next breakout.
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