The PENGU token, part of the Pudgy Penguins ecosystem, has triggered a TD Sequential '9' buy signal on its 4-hour chart, indicating potential trend exhaustion after a period of consolidation. This technical signal suggests a possible bullish breakout if the token surpasses the $0.0138 resistance level, with a target price of $0.0204. The token has already rallied over 50% from recent lows, supported by patterns like a falling wedge and inverted head-and-shoulders. The Pudgy Penguins brand, originally launched on Solana, has expanded beyond NFTs into a broader Web3 presence, including partnerships with the NHL and significant social media engagement. Despite its volatile nature, the token's recent technical indicators and community momentum suggest a potential upward move, although risks remain due to the speculative nature of meme coins and broader market conditions.
PENGU Token Eyes $0.0204 Target Following TD9 Buy Signal
This content is for informational purposes only and does not constitute investment advice.
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