PENGU Token Soars 300% as Pudgy Penguins NFT Mania Returns—Because Obviously Pixelated Birds Fix Inflation

Pudgy Penguins’ floor price surges past 5 ETH as traders FOMO into the meme NFT project—just in time for another ’utility’ roadmap that may or may not involve Antarctic metaverse real estate.

Meanwhile, the PENGU governance token—initially dismissed as another vaporware perk—now outpaces Bitcoin’s YTD gains. Because nothing says ’sound investment’ like a cartoon bird coin tied to JPEG trading volumes.

Cynical take: Wall Street still won’t touch this, but your Uber driver now has strong opinions about ’flippening the Bored Apes.’

PENGU price analysis

The four-hour chart shows that the PENGU price has been in a strong bullish trend this week, reaching a two-month high of $0.010. This level is also notable because it coincided with the 78.60% Fibonacci Retracement level.

The token remains above the key resistance level at $0.0075, its highest level on March 20 and the 50% retracement point. It has remained above the 50-period moving average.

However, the coin has become extremely overbought. The Relative Strength Index has jumped to over 80, while the Percentage Price Oscillator has surged.

Therefore, the token is likely to experience a pullback and retest the support at $0.0075, after which it could resume its bullish trend. A move above the resistance point at $0.010 would signal further gains, potentially pushing the price toward the year-to-date high of $0.0115.