- Bullish PENGU price prediction for 2024 is $0.043524 to $0.053783.
- Pudgy Penguins (PENGU) price might reach $0.1 soon.
- Bearish PENGU price prediction for 2024 is $0.028114.
In this Pudgy Penguins (PENGU) price prediction for 2024, 2025-2030, we will analyze the price patterns of PENGU by using accurate trader-friendly technical analysis indicators and predict the future movement of the cryptocurrency.
TABLE OF CONTENTS |
INTRODUCTION |
|
PUDGY PENGUINS (PENGU) PRICE PREDICTION 2024 |
|
| PUDGY PENGUINS (PENGU)PRICE PREDICTION 2025, 2026-2030 |
| CONCLUSION |
| FAQ |
Pudgy Penguins (PENGU) Current Market Status
| Current Price | $0.03913 | 24 – Hour Price Change | 12.34% Up |
| 24 – Hour Trading Volume | $1.21B |
| Market Cap | $2.44B |
| Circulating Supply | 62.41B PENGU | All – Time High | $0.05738 (On Dec 17, 2024) |
| All – Time Low | $0.02302 (On Dec 20, 2024) |
What is Pudgy Penguins (PENGU)?
| TICKER | PENGU |
| BLOCKCHAIN | Solana |
| CATEGORY | NFT Ecosystem & Utility Token |
| LAUNCHED ON | 2024 |
| UTILITIES | Governance, Rewards Access to Exclusive Content, Community Engagement, and NFT Interactions. |
PENGU is the native utility token for the Pudgy Penguins ecosystem, designed to enhance user experiences within the world of NFTs. PENGU allows holders to participate in governance decisions, access exclusive content and events, and interact with Pudgy Penguins NFTs. Built on the Solana Blockchain, PENGU enables fast, secure, and cost-efficient transactions, offering a seamless experience in the expanding NFT space.
Following its launch on Binance, the market cap of PENGU reached over $4 billion, further boosting the Pudgy Penguins NFTs and driving their floor price to 34.1 ETH ($136,000), setting a new record high since July 2021.
PENGU 24H Technicals
Pudgy Penguins (PENGU) Price Prediction 2024
Pudgy Penguins (PENGU) ranks 52nd on CoinMarketCap in terms of its market capitalization. The overview of the Pudgy Penguins price prediction for 2024 is explained below with a daily time frame.
In the above chart, Pudgy Penguins (PENGU) laid out an Ascending Channel. An ascending channel, or rising channel, is a bullish pattern that forms when an asset’s price makes higher highs and higher lows. The price moves between two parallel trend lines—an upper line connecting the higher highs and a lower line connecting the higher lows. As the channel slopes upward, it signals a continued uptrend. Traders see this as a positive sign, with the price likely to keep rising as long as it stays within the channel.
At the time of analysis, the price of Pudgy Penguins (PENGU) was recorded at $0.038043. If the pattern trend continues, then the price of PENGU might reach the resistance levels of $0.043972, and $0.063902. If the trend reverses, then the price of PENGU may fall to the support levels of $0.037347 and $0.030594.
Pudgy Penguins (PENGU) Resistance and Support Levels
The chart given below elucidates the possible resistance and support levels of Pudgy Penguins (PENGU) in 2024.
From the above chart, we can analyze and identify the following as resistance and support levels of Pudgy Penguins (PENGU) for 2024.
| Resistance Level 1 | $0.043524 |
| Resistance Level 2 | $0.053783 |
| Support Level 1 | $0.034543 |
| Support Level 2 | $0.028114 |
Pudgy Penguins (PENGU) Price Prediction 2024 — RVOL, MA, and RSI
The technical analysis indicators such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) of Pudgy Penguins (PENGU) are shown in the chart below.
From the readings on the chart above, we can make the following inferences regarding the current Pudgy Penguins (PENGU) market in 2024.
| INDICATOR | PURPOSE | READING | INFERENCE |
| 50-Day Moving Average (50MA) | Nature of the current trend by comparing the average price over 50 days | 50 MA = $0.032134 Price = $0.038643 (50MA < Price) | Bullish/Uptrend |
| Relative Strength Index (RSI) | Magnitude of price change;Analyzing oversold & overbought conditions | 58.469989 <30 = Oversold 50-70 = Neutral >70 = Overbought | Nearly Oversold |
| Relative Volume (RVOL) | Asset’s trading volume in relation to its recent average volumes | Above cutoff line | Strong volume |
Pudgy Penguins (PENGU) Price Prediction 2024 — ADX, RVI
In the below chart, we analyze the strength and volatility of Pudgy Penguins (PENGU) using the following technical analysis indicators — Average Directional Index (ADX) and Relative Volatility Index (RVI).
From the readings on the chart above, we can make the following inferences regarding the price momentum of Pudgy Penguins (PENGU).
| INDICATOR | PURPOSE | READING | INFERENCE |
| Average Directional Index (ADX) | Strength of the trend momentum | 51.441712 | Very Strong Trend |
| Relative Volatility Index (RVI) | Volatility over a specific period | 29.93 <50 = Low >50 = High | Low volatility |
Comparison of PENGU with BTC, ETH
Let us now compare the price movements of Pudgy Penguins (PENGU) with that of Bitcoin (BTC), and Ethereum (ETH).
From the above chart, we can interpret that the price action of PENGU is similar to that of BTC and ETH. That is, when the price of BTC and ETH increases or decreases, the price of PENGU also increases or decreases respectively.
Pudgy Penguins (PENGU) Price Prediction 2025, 2026 – 2030
With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of Pudgy Penguins (PENGU) between 2025, 2026, 2027, 2028, 2029, and 2030.
| Year | Bullish Price | Bearish Price |
| Pudgy Penguins (PENGU) Price Prediction 2025 | $0.3 | $0.015 |
| Pudgy Penguins (PENGU) Price Prediction 2026 | $0.5 | $0.016 |
| Pudgy Penguins (PENGU) Price Prediction 2027 | $1 | $0.017 |
| Pudgy Penguins (PENGU) Price Prediction 2028 | $1.5 | $0.018 |
| Pudgy Penguins (PENGU) Price Prediction 2029 | $2 | $0.019 |
| Pudgy Penguins (PENGU) Price Prediction 2030 | $2.5 | $0.020 |
Conclusion
If Pudgy Penguins (PENGU) establishes itself as a good investment in 2024, this year would be favorable to the cryptocurrency. In conclusion, the bullish Pudgy Penguins (PENGU) price prediction for 2024 is $0.053783. Comparatively, if unfavorable sentiment is triggered, the bearish Pudgy Penguins (PENGU) price prediction for 2024 is $0.028114.
If the market momentum and investors’ sentiment positively elevate, then Pudgy Penguins (PENGU) might hit $0.1. Furthermore, with future upgrades and advancements in the Pudgy Penguins ecosystem, PENGU might surpass its current all-time high (ATH) of $0.05738 and mark its new ATH.
FAQ
1. What is Pudgy Penguins (PENGU)?
PENGU is the native utility token of the Pudgy Penguins ecosystem, used for governance, community engagement, and interacting with NFTs.
2. Where can you purchase Pudgy Penguins (PENGU)?
Pudgy Penguins (PENGU) has been listed on many crypto exchanges which include OKX, Bybit, DigiFinex, Bitrue, and LBank.
3. Will Pudgy Penguins (PENGU) reach a new ATH soon?
With the ongoing developments and upgrades within the Pudgy Penguins Platform, PENGU has a high possibility of reaching its ATH soon.
4. What is the current all-time high (ATH) of Pudgy Penguins (PENGU)?
On December 17, 2024, Pudgy Penguins (PENGU) reached its new all-time high (ATH) of $0.05738
5. What is the lowest price of Pudgy Penguins (PENGU)?
According to CoinMarketCap, PENGU hit its all-time low (ATL) of $0.02302, On December 20, 2024.
6. Will Pudgy Penguins (PENGU) reach $0.1?
If Pudgy Penguins (PENGU) becomes one of the active cryptocurrencies that majorly maintain a bullish trend, it might rally to hit $0.1 soon.
7. What will be Pudgy Penguins (PENGU) price by 2025?
Pudgy Penguins (PENGU) price is expected to reach $0.3 by 2025.
8. What will be Pudgy Penguins (PENGU) price by 2026?
Pudgy Penguins (PENGU) price is expected to reach $0.5 by 2026.
9. What will be Pudgy Penguins (PENGU) price by 2027?
Pudgy Penguins (PENGU) price is expected to reach $1 by 2027.
10. What will be Pudgy Penguins (PENGU) price by 2028?
Pudgy Penguins (PENGU) price is expected to reach $1.5 by 2028.
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Disclaimer: The opinion expressed in this article is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.
