Pudgy Penguins Price Jumps 2% As Investors Flock To This ICO

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The Pudgy Penguins price jumped over 2% in the last 24 hours to trade at $0.02367 as of 10:00 p.m. EST as investors slowly start to accumulate the crypto.

During the past day of trading, the PENGU price was able to reach a 24-hour high of $0.02732. It has since retraced to trade at its current level, likely due to profit taking from traders.

Pudgy Penguins Price Resting On Support

4-hour chart for PENGU/USD (Source: GeckoTerminal)

The Pudgy Penguins price dropped out of an ascending channel that formed on its 4-hour chart over the weekend, and is now testing the $0.02395 support level. Should it drop below this technical crutch in the coming few hours, the meme coin might end up plunging to the subsequent mark at $0.02202 in the short term.

The Pudgy Penguins price maintaining a position above $0.02395 for the next 8 hours could lead to a bullish turnaround. In this alternative scenario, traders might identify the crypto’s current price as a buy opportunity, which could result in a climb towards the $0.02684 resistance. Continued pressure from bulls might even lead to a rise to as high as $0.02942.

Technicals Warn A Pudgy Penguins Price Correction May Be In The Cards

From a technical perspective, Exponential Moving Averages (EMAs) and the Relative Strength Index (RSI) on the 4-hour chart warn the Pudgy Penguins price might drop in the next 24 hours.

RSI readings have dropped from 63 to 46, signaling a decrease in buyer strength. What’s more, the RSI’s plunge below the neutral 50 mark suggests sellers have taken control of the Pudgy Penguins price as well. This shift in power could lead to a drop in the meme coin’s price if bears choose to take advantage of their overpowering strength over bulls.

Meanwhile, the Pudgy Penguins price has also fallen below both the 9 and 20 EMAs, which were acting as a dynamic support. Not only are these momentum indicators now acting as barriers for the meme coin’s price, the shorter 9 EMA is also collapsing in on the longer 20 EMA. Traders might see this narrowing gap as a sign of PENGU’s bullish momentum cooling off.

As PENGU shows early technical signs of a correction, investors are rushing to buy meme coin rival Flockerz (FLOCK) with just hours left before its presale ends. According to popular YouTuber ClayBro, who has over 135K subscribers, FLOCK could be the next 10X opportunity in the crypto market.

Unmatched Decentralization Coupled With A Strong Community Focus

Flockerz stands out in the crowded meme coin space that is filled with projects who falsely claim to be decentralized. Oftentimes, on-chain data shows that these projects are controlled by a handful of people who hold the majority of the token supply.

With its vote-to-earn mechanism, Flockerz achieves an unprecedented degree of decentralization, with the fate of the project’s future resting entirely in the hands of its community members.

Each FLOCK holder has a say on decisions ranging from a change in the project’s roadmap to potential growth initiatives, and can have their voices heard in the project’s decentralized autonomous organization (DAO) called Flocktopia.

By placing a vote during the project’s governance, FLOCK holders are rewarded with additional tokens. This is one of the best ways for investors to grow their holdings without having to trade on the open, and sometimes volatile, open market.

In addition to helping investors grow their FLOCK bags, this financial incentive will ensure that the community remains engaged with the project in the long run, which is something even non-meme coin projects struggle to get right.

Flockerz Raises $14.1 Million In Presale – Just 10 Hours Left Until Launch

Flockerz has had a very successful presale stage, and has managed to raise more than $14.1 million. With just 10 hours left until the meme coin’s exchange debut, this buying frenzy is likely to go into overdrive as investors try to position themselves as best they can before the meme coin’s launch.

The Flocks partying until the very last minute! 🐦🚀⚡️

14M Raised! 🔥 pic.twitter.com/tyWtFk7ZoI

— Flockerz (@FlockerzToken) January 26, 2025

Anyone that wants to get in on the ground stage of the project before it’s too late can acquire FLOCK through the simple buy widget embedded on the project’s website. Selling at its listing price of $0.0066883, FLOCK can be bought with either crypto or bank card. Once purchased, investors can also stake their FLOCK tokens for a competitive 232% APY.

Buy and stake FLOCK here for the 232% APY before its exchange debut in 10 hours.

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