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Pudgy Penguins (PENGU) Faces 8% Dip Amid Analyst Predictions of 200% Rally
Pudgy Penguins (PENGU) Faces 8% Dip Amid Analyst Predictions of 200% Rally
23
2
BTCCSquare news:
Pudgy Penguins (PENGU) slid 8% to $0.032 as traders absorbed profit-taking after a recent rally, yet analysts remain bullish on its technical setup. The token now teeters below the critical $0.036 Fibonacci resistance, with Ali Martinez forecasting a breakout toward $0.10 if buying pressure resumes.
Trading volume remains robust at $537 million, suggesting strong market participation. The project's $100 million token giveaway announcement—timed alongside its $2 billion market cap milestone—adds fundamental momentum to the technical narrative. Support levels at $0.0296 and $0.0257 mark key downside thresholds.
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