Pudgy Penguins Price Prediction: PENGU Drops 6% As Investors Pivot To This Crypto Index Token For Diversified Meme Coin Exposure
The Pudgy Penguins price plummeted over 6% in the last 24 hours to trade at $0.01034 as of 9:47 p.m. EST as investors decrease their exposure to the meme coin. This 24-hour correction in the PENGU price has pushed the crypto’s weekly performance into the red by more than 5%. Pudgy Penguins Price Consolidates 4-hour chart for PENGU/USD (Source: GeckoTerminal ) The Pudgy Penguins price has been in a tight consolidation range between $0.00900 and $0.01098 in the last few days, GeckoTerminal data shows. This period of sideways trading could be the build up to a big move in the next few days. In the event of a bullish move, the Pudgy Penguins price might try to break above the upper boundary of the channel at $0.01098. A 4-hour candle close above this resistance could then lead to a climb to the subsequent barrier at $0.01433 in the short term. In a bearish case, the Pudgy Penguins price might test the lower boundary of the parallel channel at $0.00900. Losing the suppor...