Pudgy Penguins Price Drops 13% As Investors Pivot To FLOCK

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The Pudgy Penguins price plunged 13% in the last 24 hours to trade at $0.03684 as of 11:14 p.m. EST, with trading volume dropping 13% to $932 million.

Pudgy Penguins Price Set To Soar

The Pudgy Penguins price chart analysis on the 1-hour timeframe displays a clear upward price channel, suggesting a short-term bullish trend.

The PENGU price has been respecting both the upper and lower boundaries of the channel, creating higher highs and higher lows. However, recent candles show the price testing the channel’s lower boundary, hinting at weakening bullish momentum, according to data from GeckoTerminal.

The current Pudgy Penguins price of $0.03684 sits just below the 50 Simple Moving Average (SMA) on the 1-hour chart, which may act as a dynamic resistance in the short term.

Moreover, the Relative Strength Index (RSI) is at 44.79, which is below the neutral level of 50, indicating slight bearish momentum in the short term. The RSI has also been declining steadily from overbought levels, suggesting a potential continuation of the corrective phase before resuming any bullish action.

The upward channel suggests the price of Pudgy Penguins could continue moving within its boundaries unless a decisive breakout occurs. If the Pudgy Penguins price holds the channel’s lower boundary near $0.03650, it could rebound towards $0.03850 or the upper boundary of the channel around $0.04000.

Pudgy Penguins Price Chart Analysis Source: GeckoTerminal — PENGUUSD Chart Analysis Source: GeckoTerminal

On the other hand, if the PENGU price breaks below the lower boundary and fails to reclaim the 50 SMA, the bullish structure would be invalidated. This could trigger a bearish move towards the support level at $0.03500.

As the Pudgy Penguins price aims for a rebound, investors are flooding into the new presale meme coin Flockerz (FLOCK).

According to 99Bitcoins, a popular crypto channel on YouTube with over 706K subscribers, FLOCK has the potential to soar 100X after its launch.

Flockerz Raises $7.9 Million – Just 26 Days Left

Currently in presale, Flockerz introduces a unique vote-to-earn mechanism that empowers holders by granting them voting rights while offering substantial staking rewards.

Flockerz differentiates itself through its original character and narrative, fostering engagement with its community, known as “The Flock.”

The project centers around “Flocktopia,” a DAO where every holder gains influence and earns rewards through the vote-to-earn system. This approach allows the community to shape the project’s direction, reinforcing decentralization at its core.

The flock isn’t messing around! Our Vote to Earn system is serious business! 🐦👋 pic.twitter.com/mrWNyKrPy7

— Flockerz (@FlockerzToken) December 16, 2024

So far, the project has raised over $7.9 million, and the presale will end in 26 days. Moreover, investors who participate early can unlock access to a 345% APY by staking their newly-purchased FLOCK.

Investors interested in joining the presale can visit the official Flockerz website to buy FLOCK tokens at $0.00653 each using BNB, ETH, or USDT. You can also make a purchase using your bank card.

Buy FLOCK here before its presale ends.