CandleFocus Pudgy Penguins (PENGU) Price Targets New Highs After 30% Surge
2024-12-24
Author: Content Editor
The price of Pudgy Penguins (PENGU) has experienced a significant surge of approximately 30% in the last 24 hours, rebounding from its lowest level in December. This recovery is accompanied by strong buying pressure and renewed investor confidence, as indicated by the high Relative Strength Index (RSI) and Chaikin Money Flow (CMF) values. The RSI of 64.4 suggests that PENGU could continue to climb in the short term if buying momentum persists, potentially making it one of the best-performing altcoins. The CMF value of 0.18 indicates a substantial inflow of capital, supporting continued price increases. However, traders should monitor whether the buying trend sustains or begins to wane. If the uptrend persists, PENGU could reach new all-time highs, but an overbought signal could lead to a price correction, with potential support levels at $0.030 and $0.0229.
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