Pudgy Penguins (PENGU) Surge 90% in a Week…"Technical Indicators Suggest Bullish Trend"
Summary
- The price of the native token PENGU from the NFT project Pudgy Penguins (PENGU) has reportedly surged over 90% in just one week.
- Cryptocurrency analyst Ali Martinez stated that, according to the SuperTrend technical indicator, PENGU has entered a 'buy' zone.
- Martinez mentioned that if PENGU surpasses $0.018, it could potentially rise further to $0.028.
The price of PENGU, the native token of the popular non-fungible token (NFT) project Pudgy Penguins (PENGU), has surged over 90% compared to last week, continuing its strong momentum.
On the 4th, cryptocurrency analyst Ali Martinez analyzed via X (formerly Twitter), "The meme coin PENGU has entered a 'buy' zone based on the SuperTrend technical indicator and has soared more than 90% compared to last week." He added, "If PENGU breaks through $0.018, there is potential for it to rise further to $0.028."
According to global cryptocurrency market data site CoinMarketCap, as of today, PENGU is trading at $0.01608, up 4.77% from the previous day.
Meanwhile, the SuperTrend indicator is a technical analysis tool that shows trend direction based on a specific price range, helping investors quickly identify whether the market is in an uptrend or downtrend.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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