Pengu, the same corner, based in Solana, amazed the market with a daily overvoltage of 19.26% and an amazing jump of 38% in last week. With its price currently at $ 0.04448, Pengu has reintegrated the projector not only as a meme token but also a cultural asset on a wave of ecosystem and institutional catalysts.
Le Pengu’s net rally occurs while several bullish forces align. First, the token now has more than 868,000 holders. Secondly, Binance recently removed the “seed tag” of the Pingou. This change has strengthened investors’ confidence, especially among institutional actors and major funds. That’s not all, the hope of a new Ath was another fuel. Join me while I decorated the analysis of the prices of the short-term pingou.
Pingou price analysis
The current price of PEGGE at $ 0.04448 does not only hang at 21.95% below its summit of $ 0.05738. This came after hitting an intra -day summit of $ 0.046. The market capitalization is now at 2.77 billion dollars, which classifies it among the most important parts like Bonk. The 33.76% increase in trading volume signals 24 hours a day increased the interests of investors and an increasing dynamic.
With high purchase pressure between $ 0.036 and $ 0.042, this range now acts as a major support area. An escape above the resistance of $ 0.046 could open the way to test the ATH, with an upward potential to the beach from $ 0.055 to $ 0.057 if the momentum takes place.
If the volume maintains more than $ 2 billion and Sol remains bullish, the pingou could realistically target a new ATH at $ 0.05738. However, a drop less than 0.038 would invalidate the bullish momentum in the short term.
Faq
A mixture of binance eliminating the “tag of seeds”, the NFT price tips and the rally of the Solana ecosystem.
Risk perception lowered after the elimination of binance labels, attracting larger players.
If the burst and bullish volume persist, a retest of $ 0.057, followed by a new ATH at $ 0.06, is probably in the short term.
