Pudgy Penguins (PENGU) saw a weekly increase of 61.81% but experienced a 4.61% loss in the last 24 hours with a trading volume of $691.42 million, up by 11.56%.
Technical analysis suggests a potential break to $0.044 for PENGU, supported by improving fundamentals and mainstream partnerships with NASCAR and Random House Kids.
The token is gaining momentum and recognition, being compared to major cryptocurrencies like Bitcoin, Ethereum, and Solana.
Despite bullish sentiments, analysts caution about historical volatility and the need for volume confirmation and risk management. Speculations suggest PENGU could reach $10 billion in market cap and establish itself prominently in the crypto space.