The Pudgy Penguins price has slumped by 12% in the last 24 hours, marking it as a top loser among major cryptos by market capitalization.
Current Status of Pudgy Penguins
PENGU is trading at $0.03373 following a 56% drop in trading volume to $538 million. This makes it the most significant loser among major cryptocurrencies by market cap, according to CoinGecko. The PENGU/USD chart reveals essential support levels that could influence future price movements.
Pudgy Penguins Price Indicator Analysis
The current chart shows the price below the 50-period moving average, indicating short-term bearish sentiment. The MACD histogram showcases decreasing selling pressure, while the RSI at 38.46 suggests nearing oversold conditions, potentially signaling a reversal.
Future of Pudgy Penguins Amid Current Trends
Should the price maintain above the support zone of $0.0316, a rebound to resistance levels of $0.0350 and $0.0367 is possible. Conversely, a break below $0.0316 could lead to further declines to $0.0300.
Despite the recent drop, there are signals of potential recovery for Pudgy Penguins, but key support levels will be crucial in determining the next movement.
