Pudgy Penguins (PENGU) surged 31% in just a week, amidst a flat crypto market, gaining attention from traders and analysts.
Whale investors acquired 240M PENGU, indicating high confidence and fueling speculation of a potential breakout.
Technical indicators suggest a bullish trend, with PENGU needing to surpass the $0.017 resistance to confirm a new rally and avoid a correction.
PENGU is currently trading at around $0.01587, facing profit booking after the surge. Key support levels are at $0.01435, $0.01178, and $0.01098, with RSI indicating a positive trend.