The price of PENGU has increased by more than 14% over the past 24 hours, as a result of which its market capitalization reached $ 2.57 billion. Recent rumors about the potential cooperation of Pudgy Penguins and Pokémon caused significant excitement among investors.
This added an impulse of an already strong rising trend, since the coin continues to attract attention in the space of a meme. Since technical indicators show strong support, Pengu can soon test critical levels of resistance and set new price guidelines.
Pokémon Pokémon’s potential cooperation can increase its price to $ 0.10.
The recent tweet of the owner of Pudgy Penguin @broscisol caused excitement in the PENGU community. The message hints at rumors about potential cooperation between Pudgy Penguins and Pokémon, a step that, if confirmed, can significantly increase the status of the project.
This assumption has already aroused interest among holders, many of which foresee the potential consequences of such a loud partnership.
If the cooperation is realized, it can change the brand and the price of PENGU. Cooperation with one of the most famous entertainment franchises in the world can attract general attention, increase demand and increase the cost of the coin.
In this script, Pengu can potentially grow to $ 0.10 or higher, which will become a historical milestone for a coin-meme. However, without confirmation of rumors, the current excitement may remain speculative.
PENGU RSI shows that growth potential is possible, but its ascending trend should continue strong
The relative force index of PENGU (RSI) is currently at 64.6, which reflects a strong impulse, but remains below the overlapse of 70. RSI measures the speed and strength of prices on a scale from 0 to 100, and the values above 70 indicate to the conditions of overhabitation and potential kickbacks. On the contrary, the values below 30 are suggested by the conditions of resale and possible recovery.
At the level of 64.6 RSI Penguu, it suggests that the coin is still in the bull phase, but the proximity to 70 indicates caution, since the ascending impulse can approach the limit.
The average direction index (ADX) for PENGU rose to 27.3 compared to 20.1 just a day ago, signaling the strengthening of the trend. ADX measures the trend strength on a scale from 0 to 100, and the values above 25 indicate a strong trend. Although the ascending trend remains unchanged, the slower growth rates of ADX suggest that the impulse can stabilize.
In the short term, the price of PENGU can continue the ascending movement, but the combination of high RSI and slowing down ADX growth requires close attention to any signs of consolidation or potential trend change.
PENGU price forecast: will Pengua test $ 0.05 in January?
If the current ascending trend remains strong, the Pengu price can soon challenge a resistance at $ 0.043. A breakthrough above this level can make a path to further growth with the following purpose at the level of 0.05 dollars, a milestone that the coin has not reached before, which makes it one of the most valuable memes of Solana.
On the other hand, if the upward trend unfolds, the price of Pengu may encounter a significant decrease. The nearest strong support is at $ 0.029, and the inability to hold this level can lead to further losses, while the price will potentially fall to $ 0.025.
