Price of chubby penguins rises 6% as traders buy rival bird

Pudgy Penguins price rebounded with a 6% rise in the last 24 hours to trade at $0.03519 as of 7 a.m. ET on an 8% drop in trading volume at $553 million.

Pudgy Penguins price consolidates with resistance at $0.038151

The PENGU/USDT trading chart on a 4-hour time frame shows that the price is currently trading at $0.034965, reflecting a slight decline of -0.80%. The chart highlights an ongoing consolidation phase, with price activity contained within a support zone between $0.030000 and $0.035000. This level of support is crucial because it provides a basis for a potential recovery.

However, immediate resistance is seen at the 50-day moving average (MA), which is positioned at $0.038151. A break above this level is essential for any sustained bullish momentum. Overhead resistance near $0.045,000 remains a significant hurdle for buyers.

Technical indicators reveal mixed signals. The 50-day moving average is relatively stable, indicating a lack of clear direction. This flat trajectory suggests indecision in the market, with neither bulls nor bears taking control.

PENGUUSDT analysis source: Tradingview

Meanwhile, the Relative Strength Index (RSI) is at 44.66, with its signal line at 38.15. Although the RSI is below the neutral level 50, it shows a slight upward movement, hinting at bullish pressure. However, the RSI remains in bearish territory for now.

In the bullish scenario, a break above the 50-day SMA at $0.038151 could pave the way for a rally towards the resistance level near $0.045000. This would confirm the bullish momentum and potentially attract more buyers.

On the other hand, failure to hold above the consolidation zone could lead to a retest of the lower support at $0.030000, which would strengthen the bearish dominance in the market.

The PENGU/USDT pair is at a pivotal point. Although consolidation offers a potential springboard for a bullish reversal, breaking through the 50-day moving average and reclaiming higher resistance levels is crucial to this outlook.

In the meantime, the market remains in a state of uncertainty, with support and resistance levels acting as deciding factors for the next price movement.

Last Call: Buy Flockerz Now as Presale Nears $10 Million

As the price of Pudgy Penguins gains momentum, investors continue to pour more funds into Flockerz (FLOCK), a bird-themed meme coin that has raised over $9.4 million so far as its pre-sale nears its end.

According to an analyst at 99Bitcoins, a popular YouTube crypto channel with over 719,000 subscribers, FLOCK could potentially offer a massive 100x return once launched.

Flockerz introduced a Vote-To-Earn system that rewards users who vote on proposals and help shape the future of the project.

By holding FLOCK tokens, users automatically join FlockTopia, a DAO, where they can vote on key decisions such as marketing plans and token burns.

In return, participants earn additional tokens through smart contracts, encouraging active participation and long-term decentralization.

The herd likes it to be shaken, not stirred 🍸🐦 pic.twitter.com/iXLqvH5g4J

– Flockerz (@FlockerzToken) January 10, 2025

The project also allows investors to earn passive income options through a staking program offering a whopping 291% annual return.

With less than 12 days until the presale ends, this is the last chance to get involved at $0.0066616.

Buy FLOCK using BNB, ETH, USDT or a bank card.

Related articles

Newest ICO Coin – Wall Street Pepe

• Audited by Coinsult
• Early Access Presale Cycle
• Private Trading Alpha for the Army $WEPE
• Staking Pool – High Dynamic APY