PENGU Price Momentum: Will the $0.35 Support Level Hold or Fold?
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Dec 28 2024Market Analysis of Pudgy Penguins (PENGU): Pudgy Penguins shows a bullish trend on the 4-hour chart, maintaining support above $0.312, while the hourly chart indicates bearish tendencies with a critical support level at $0.35 that needs to be defended in the short term.
Investor Sentiment and Trading Volume: Recent market capitalization growth suggests a shift in investor sentiment for PENGU beyond being a meme coin, although declining trading volume and a reversal in breakout patterns indicate cautious market conditions.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
