Pudgy Penguins Token Displays Bullish Pattern – Is Another Surge on the Horizon?
Bullish Flag Pattern: PENGU is forming a bullish flag pattern on its 4-hour chart, indicating potential for a price surge towards $0.1, similar to a previous rally that saw nearly 500% gains.
Current Trading Status: As of now, PENGU trades at approximately $0.031, which is 32% below its recent all-time high of $0.046, but analysts believe it could be set for another upward movement.
Cultural Impact and Community Engagement: Pudgy Penguins has established a strong presence in mainstream culture with merchandise sold at Walmart and an engaged community, contributing to its viral success with over 91 billion views online.
NFT Market Performance: The Pudgy Penguins NFT collection is performing well, with weekly sales surpassing $9.65 million, positioning it closer to "blue-chip" status in the NFT market as its floor price rises to 10.53 ETH.
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