Current Pudgy Penguins (PENGU) Price
Pudgy Penguins (PENGU) is currently priced at Rp259.57 (PENGU/IDR) with a live market capitalization of Rp16.27 trillion. The 24-hour trading volume stands at Rp262.98 million, reflecting a positive movement of 1.41042%. With a circulating supply of 62.86 million PENGU, the token’s price momentum is currently positive.
Technical Analysis Overview
Technical analysis involves evaluating statistical patterns in price and volume to forecast future market movements. Traders use various signals and indicators to predict the price trajectory of Pudgy Penguins. Although not all methods are necessary for accurate predictions, some key indicators carry more weight.
Support and Resistance Levels
Identifying support and resistance levels provides insights into market supply and demand, helping traders anticipate potential trend reversals. Currently, Pudgy Penguins is experiencing bearish price action, having dropped below the horizontal resistance area of Rp0.0161. Despite this decline, the token’s year-to-date performance remains negative.
Relative Strength Index (RSI)
The RSI measures the magnitude of price movements to determine whether an asset is overbought or oversold. A reading above 50 with an upward trend indicates bullish momentum, while a reading below 50 suggests bearish conditions.
In the 1-week timeframe, Pudgy Penguins is trending bearish with an RSI reading of 0.00. The 50-line could act as resistance if the indicator moves toward it.
Moving Averages (MA)
Moving averages smooth out price data to provide a broader view of market trends. The relationship between short-term and long-term moving averages is crucial for trend direction. A bullish signal occurs when the short-term MA crosses above the long-term MA.
In the 1-week timeframe, Pudgy Penguins is in a neutral trend. Neither bullish nor bearish conditions are fully met based on the relationship between the 50-day and 200-day moving averages relative to the current price.
Moving Average Convergence Divergence (MACD)
The MACD uses simple and exponential moving averages to predict trends more accurately. The interaction between these lines helps identify momentum shifts.
Based on the MACD in the 1-week timeframe, Pudgy Penguins is currently in a bearish trend. The MACD signal line has moved below the 50-period line, and the histogram has remained negative for 50 periods.
For all these indicators, weekly timeframes are used for long-term trends, daily for medium-term, and 6-hour for short-term trends.
Fundamental Analysis
Fundamental analysis aims to determine an asset’s intrinsic value by examining supply and demand dynamics, market capitalization, circulating supply, and on-chain data such as active addresses and transaction volumes.
For Pudgy Penguins, key fundamental metrics include:
- Market Cap: Rp16.27 trillion
- Circulating Supply: 62.86 million PENGU
- Demand Indicators: Active addresses, new addresses, and transaction counts
Key Price Drivers
Several factors influence Pudgy Penguins’ price:
- Supply and Demand: Market adoption rates significantly impact demand.
- Protocol Updates: Hard forks or major upgrades can affect value.
- Whale Activity: Large holders can cause price volatility with substantial sell orders.
- Institutional Adoption: Large-scale investments can drive price appreciation.
- Regulatory Changes: Political and regulatory developments impact overall market sentiment.
Price Prediction Summary
Predicting cryptocurrency prices involves inherent uncertainties due to multiple influencing factors. Contradictory predictions are common, and unexpected announcements can drastically alter price directions. Always conduct independent research and consider both technical and fundamental analysis before investing.
Frequently Asked Questions
What is the expected price range for Pudgy Penguins today?
Based on current analysis, Pudgy Penguins is expected to trade between Rp246.19 and Rp276.98 today (July 4).
Is the current sentiment for Pudgy Penguins bullish or bearish?
Technical analysis indicates bullish sentiment for Pudgy Penguins today.
What are the key support and resistance levels?
Significant support is at $0.0161, with resistance at $0.01717. A breakout from either level could increase market volatility in the coming days.
What is the long-term outlook for Pudgy Penguins?
Quantitative technical indicators suggest a bullish prediction for Pudgy Penguins in 2025. However, always consider fundamental factors like institutional adoption and on-chain activity for a comprehensive view.
How can I stay updated on Pudgy Penguins’ price movements?
👉 Track real-time price analytics for live updates and advanced charting tools.
What factors should I consider before investing in Pudgy Penguins?
Evaluate both technical indicators and fundamental drivers like market adoption, whale activity, and regulatory news. Diversify investments and avoid allocating more than you can afford to lose.
Disclaimer: The information provided here is for informational purposes only and does not constitute financial, investment, or professional advice. Consult a certified financial advisor before making any investment decisions. Users bear all responsibility and risks associated with using this information. We disclaim any liability for losses or risks arising directly or indirectly from the use of this content.