PENGU price has increased more than 14% in the past 24 hours, bringing its market capitalization to $2.57 billion. Recent speculation about a possible collaboration between Pudgy Penguins and Pokémon has stimulated considerable excitement from investors.
This has added momentum to the current strong uptrend, as the coin continues to attract attention in the meme coin space. With technical indicators showing strong support, PENGU could soon test key resistance levels and establish new price milestones.
A possible collaboration between PENGU and Pokémon could push the price up to $0.10
A recent tweet from Pudgy Penguin owner @broskisol has made waves in the PENGU community. The post shows rumors of a possible collaboration between Pudgy Penguins and Pokémon, a move that, if confirmed, could take this project to the next level.
If this partnership comes to fruition, it could completely change PENGU’s branding and pricing. An association with one of the world’s most famous entertainment brands could attract widespread attention, increase demand, and push the coin’s value higher.
In this case, PENGU could surge to $0.10 or higher, marking a historic milestone for this Meme Coin coin. However, without confirmation of the rumors, the current excitement could just be speculation.
PENGU’s RSI shows room for a move higher, but the uptrend needs to continue strong
PENGU’s Relative Strength Index (RSI) is currently at 64.6, indicating strong momentum but still below the overbought threshold of 70. RSI measures the speed and strength of price changes on a scale from 0 to 100, with values above 70 indicating overbought conditions and the possibility of a price pullback, while values below 30 indicate oversold conditions and the possibility of a recovery.
At 64.6, PENGU’s RSI shows that the coin is still in a bullish phase, but its close proximity to the 70 threshold also carefully signals that the upside momentum may be approaching its limit.
PENGU’s average directional index (ADX) level rose to 27.3, from 20.1 just a day earlier, suggesting the trend is strengthening. ADX measures trend strength on a scale of 0 to 100, with values above 25 indicating a strong trend. While the uptrend remains in place, the slowdown in ADX growth suggests momentum may be stabilizing.
In the short term, PENGU price may continue to move up, but the combination of high RSI levels and slowing ADX growth should be closely watched for any signs of consolidation or a possible reversal. change trend.
PENGU Price Prediction: Will PENGU Test $0.05 in January?
If the current uptrend remains strong, PENGU price could soon challenge the resistance at $0.043. A break above this level could pave the way for further increases, with the next target at $0.05, a mark the coin has never reached before, making it becoming one of the most prominent meme coins on Solana.
Conversely, if the uptrend is reversed, PENGU price could face a significant decline. The strongest support recently lies at $0.029, and if this level fails to hold, the price could continue to decline, potentially falling to $0.025.
