- Pudgy Penguins gains momentum as whale activity signals renewed interest and potential price surge.
- A major $1.67 million PENGU transfer to Binance highlights active large-holder involvement.
- The key $0.029 support level is holding strong, suggesting a potential rise toward $0.07.
Pudgy Penguins is gaining momentum again, attracting steadily more interest from the crypto community. Activity from large holders is displaying keen interest in the token. Market analysts indicate that the price could see further gains if key support levels hold.
PENGU is currently trading at $0.03709. The 24-hour volume for PENGU is $895.21 million, while the market capitalization is $2.34 billion. It surged by 10.76% in the last 24 hours, showing that interest is back in the token.
Pudgy Penguins Whale Transfers $50 Million
Crypto analyst The Data Nerd stated that 30 minutes ago, a PENGU whale sent 50 million $PENGU, valued at $1.67 million, to Binance. The whale has been active for quite some time. Nine months ago, they were sent $ 322.32 million by an airdrop wallet (valued at about $9.32 million), and they traded 232 million tokens for $5.77 million.
Now, the investor has 90.32 million $PENGU, valued at about $3.02 million, in their possession.
Pudgy Penguins Poised for Major Upswing
Adding to the outlook, another crypto analyst, More Crypt Online, noted that PENGU is indeed putting its support level to the test. So long as the $0.029 level holds out, a potential move into $0.07 would be expected, connecting into the formation of a circle wave 5 structure.
With increased activity for the whales and definite price support, Pudgy Penguins could be attracting interest and optimism from beyond the crypto realm.
Also Read | PENGU Price Analysis: Bullish Momentum Aims for $0.03879 Target
Pudgy Penguins Shows Signs of Steady Growth
The RSI is at 58.62, registering good buying strength below the overbought threshold. The EMA Ribbon is also bullish for the price, with the key level at 0.03313, indicating that buyers are defending that level. Both point to a slow and gradual upward drift for as long as support holds.
The MACD also supports the bullish phase, as the blue line at 0.00154 is above the signal line at 0.00143. The histogram is also mildly bullish at 0.00011, indicating that bullish momentum is gaining strength. This may lead to the coin rising further in the near term.
Also Read | Pudgy Penguins Price Alert: Will PENGU Soar to $0.0723 or Plunge to $0.026?
