Pudgy Penguins (PENGU) has shown remarkable growth, increasing by 170% since breaching key market levels on June 23. This surge has been fueled by a significant uptick in NFT sales.
Pudgy Penguins Rally
The Pudgy Penguins rally surged from below $10 to $16.88 in under two weeks due to increased NFT sales. Last week, the NFT sales volume reached $9.65 million, contributing to the rise in floor price.
Technical Indicators and Market Signals
PENGU's price action indicates a strong upward trend despite recent slowdowns. Indicators such as RSI and MACD signal strong demand and potential price growth, with targets set at $0.047 and $0.055.
Smart Investors Impact on PENGU
Smart investors have significantly increased their exposure to Pudgy Penguins, as evidenced by data. Currently, their holdings amount to $101.21 million, highlighting a positive outlook for the token's future growth.
Pudgy Penguins has emerged as a leader in the cryptocurrency market, driven by strong demand for its NFTs and increasing interest from investors. The upcoming price targets present opportunities for further growth.
