Pudgy Penguins (PENGU) Makes a Splash Among Top Gainers, Is This the Start of a Major Bull Run?
By: cryptosheadlines|2025/05/03 18:45:02
0
Share
Airdrop Is Live CaryptosHeadlines Media Has Launched Its Native Token CHT. Airdrop Is Live For Everyone, Claim Instant 5000 CHT Tokens Worth Of $50 USDT. Join the Airdrop at the official website, CryptosHeadlinesToken.com Pudgy Penguins is trading within the $0.01169 range. PENGU’s daily trading volume has surged by 88%.The recovery attempts have pushed the crypto market cap toward $3 trillion, with both losses and gains lingering in the market. The Fear and Greed Index reading is holding at 56, reflecting a neutral momentum. Meanwhile, Pudgy Penguins (PENGU) has recorded a surge of 10.81%, emerging as the top gainer. The asset’s sturdy bullish wave can emerge after testing the crucial resistances. Pudgy Penguins opened the day trading at a daily low of $0.01023. The bulls in command have broken the resistance at $0.01094 and $0.01188, sending the price to a high of $0.01268. At press time, Pudgy Penguins traded within the $0.01169 range, with a market cap of $734 million. Notably, the asset’s daily trading volume has increased by over 88.94%, reaching $251 million. Will PENGU Take Flight to New Highs?PENGU’s brief bullish sentiment could trigger the price climb to the $0.01198 level. Assuming the bull strength to stay, the asset might drive it up to $0.01232. This range, upon breaking, kick-starts a rally, climbing to its former highs. If the asset initiates a downside correction, the price might slip toward $0.01158. An extended loss initiates a death cross, with the potential bears pushing Pudgy Penguins back to its established lows at around the $0.01115 mark. The Moving Average Convergence Divergence (MACD) line is marginally above the signal line. This likely indicates a positive crossover with the upside potential ahead if it stays above. Besides. PENGU’s Chaikin Money Flow (CMF) indicator at -0.10 suggests mild selling pressure and the money flowing out of the asset.The asset’s Bull-Bear Power (BBP) value of 0.000514 shows a bullish momentum, which is weak. Moreover, the daily relative strength index (RSI) of Pudgy Penguins is found at 57.19, which signals that the asset is in neutral to slightly bullish territory.Disclaimer: The opinion expressed in this article is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.Highlighted Crypto NewsSEC Drops Securities Case against Crypto Influencer Ian BalinashareSource link
You may also like
Morning Report | MoonPay acquires Solana's execution layer DFlow; Strategy releases Q1 financial report; Manta Network announces the termination of Manta staking program
Overview of Important Market Events on May 6th
Dialogue Velocity Eric: What is the stablecoin track that the CFO really wants?
Former Worldpay strategic executive enters the crypto space: Revealing how Velocity tackles the CFO's most troublesome issues of cross-border settlement and idle funds with "stablecoin payment accounts."
The payment moment of AI agents: Who will become the Stripe of the machine economy?
Cryptographic infrastructure and card organizations are not mutually exclusive; the winner is the unified gateway that connects both tracks simultaneously.
Rented Tracks: What is this wave of stablecoin FX hot money really paying for?
What is truly being repriced in the market is the layer between stablecoin issuers and the real economy - the transaction layer.
Strategy should have said that selling coins is not ruled out
If Saylor sells his coins, will the cryptocurrency market plummet?
How MegaETH Achieved a TVL of 700m Within a Week of TGE? Analyzing the Packaging Strategy
MegaETH created a flywheel with USDm, aiming to attract a large number of users and funds in the short term.
Futures Trading Hours: Trade Cryptocurrency 24/7 and Earn Back Up to 45% in Trading Fees
Learn futures trading hours and the best time to trade crypto futures. Discover 24/7 market insights, peak trading sessions, and how to earn back up to 45% in fees.
Why is a16z Crypto raising another $2.2 billion to heavily invest in Web3?
This round of funding bets on the transition of cryptocurrency from the infrastructure development phase to the phase of real user adoption. Whether focusing on cryptocurrency or crossing over to AI, this real money will only flow to those places that can turn technology into products.
Polymarket Underlying Algorithm Explained
It may be the only article on Twitter that clearly explains all the underlying design of Polymarket in plain language.
What do projects born in the crypto bear market do?
From January to April, RootData has recorded over 1,070 new projects, a decrease of about 32% compared to the same period last year.
a16z founder's Stanford lecture: Whenever Wall Street and Silicon Valley have different ideas, it's Wall Street that ends up being wrong
Ben Horowitz, co-founder of a16z, delivered a powerful talk: The two traditional moats of software in the AI era have been erased, and entrepreneurs must seek "new barriers" beyond code and UI.
Michael Saylor: After three consecutive quarters of losses, Strategy will sell Bitcoin to pay dividends
After MSTR's financial report showed continued net losses, Saylor changed his stance: Bitcoin is no longer "never to be sold" and can be used as a payment tool.
The toll station at Hormuz and the RMB that cannot be bought
The disorder of the US dollar is giving rise to a new situation in global settlement: gold is being redefined as a "bridge," the CIPS system is expanding rapidly, and global funds are quietly opening up a new channel for the renminbi, which is "hard to obtain."
Interview with Coinbase Institutional's Strategic Head: The Institutionalization of Crypto Reaches a Critical Point
Coinbase executives provide an in-depth analysis: Unfazed by short-term market panic, institutions are accelerating their entry, and tokenization along with the "exchange of everything" is about to completely reconstruct the global financial infrastructure.
Dialogue with Agora CEO Nick: The battle for stablecoin licenses has just begun
Agora strikes: officially applies for a federal trust bank license in the United States, elevating from a stablecoin issuer to "underlying financial infrastructure," targeting the trillion-dollar enterprise payment and B2B settlement market.
Morning Report | a16z Crypto completes $2.2 billion fundraising for its fifth fund; Bullish invests $4.2 billion to acquire share transfer agency Equiniti; PayPal's Q1 performance exceeds expectations
Overview of Important Market Events on May 5th
a16z Crypto: What We See Behind the $2.2 Billion New Fund
After the noise subsides, what remains is often more useful than it appeared at its peak and more enduring than it seemed at its lowest point.
Web3 is dead, Web2+3 should rise
We are not aiming to hold a self-indulgent party for Web3 practitioners, but rather to build a bridge for rational connection between Web2 and Web3.
Morning Report | MoonPay acquires Solana's execution layer DFlow; Strategy releases Q1 financial report; Manta Network announces the termination of Manta staking program
Overview of Important Market Events on May 6th
Dialogue Velocity Eric: What is the stablecoin track that the CFO really wants?
Former Worldpay strategic executive enters the crypto space: Revealing how Velocity tackles the CFO's most troublesome issues of cross-border settlement and idle funds with "stablecoin payment accounts."
The payment moment of AI agents: Who will become the Stripe of the machine economy?
Cryptographic infrastructure and card organizations are not mutually exclusive; the winner is the unified gateway that connects both tracks simultaneously.
Rented Tracks: What is this wave of stablecoin FX hot money really paying for?
What is truly being repriced in the market is the layer between stablecoin issuers and the real economy - the transaction layer.
Strategy should have said that selling coins is not ruled out
If Saylor sells his coins, will the cryptocurrency market plummet?
How MegaETH Achieved a TVL of 700m Within a Week of TGE? Analyzing the Packaging Strategy
MegaETH created a flywheel with USDm, aiming to attract a large number of users and funds in the short term.
Popular coins
Latest Crypto News
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com
