PENGU Price Surges as Pokémon Partnership Speculation Grows

The price of PENGU jumped over 14% in the last 24 hours, bringing its market capitalization to $2.57 billion. Recent speculation surrounding a possible collaboration between Pudgy Penguins and Pokémon has generated considerable excitement among investors.
This added momentum to an already strong uptrend, as the coin continues to attract attention in the meme coin space. With technical indicators showing strong support, PENGU may soon test critical resistance levels and set new price milestones.
PENGU’s potential collaboration with Pokémon could push its price to $0.10
A recent tweet from Pudgy Penguin holder @broskisol has sparked excitement within the PENGU community. The post alludes to rumors of a potential collaboration between Pudgy Penguins and Pokémon, a move that, if confirmed, could significantly elevate the project’s status.
This speculation has already sparked interest among holders, many of whom are considering the potential impact of such a high-profile partnership.

If the collaboration comes to fruition, it could transform PENGU’s brand and price. Aligning with one of the world’s most recognized entertainment franchises could attract widespread attention, drive demand and increase the coin’s value.
In this scenario, PENGU could potentially reach $0.10 or more, marking a historic milestone for the meme coin. However, without confirmation of the rumors, the current craze could remain speculative.
PENGU RSI shows further upside is possible, but its uptrend must remain strong
PENGU’s relative strength index (RSI) is currently at 64.6, reflecting strong momentum but remaining below the overbought threshold of 70. The RSI measures the speed and strength of price changes on a scale of 0 to 100, with values above 70 indicating overbought conditions and potential pullbacks. On the other hand, values below 30 suggest oversold conditions and a possible recovery.

At 64.6, PENGU’s RSI suggests that the coin is still in a bullish phase, but the proximity to 70 indicates some caution, as the bullish momentum could be approaching a limit.
PENGU’s Average Directional Index (ADX) climbed to 27.3, up from 20.1 just a day ago, signaling a strengthening trend. The ADX measures trend strength on a scale of 0 to 100, with values above 25 indicating a strong trend. Although the uptrend remains intact, the slower pace of ADX growth suggests that momentum may be stabilizing.

In the short term, PENGU price may continue its upward movement, but the combination of high RSI and deceleration in ADX growth warrants close attention to any signs of consolidation or potential change in trend .
PENGU Price Prediction: Will PENGU test $0.05 in January?
If the current uptrend remains strong, PENGU price may soon challenge the resistance at $0.043. A breakout above this level could pave the way for further gains, with the next target at $0.05, a milestone the coin has not reached before, making it one of the Solana meme coins the most precious.

On the other hand, if the upward trend reverses, the price of PENGU could experience significant declines. Its closest strong support lies at $0.029, and failure to hold this level could lead to further losses, with the price potentially falling to $0.025.
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